ICAC charges former HKEX vice president
A former vice president of the Hong Kong Exchanges and Clearing (HKEX) was charged by the ICAC on Wednesday for allegedly obtaining dishonest access to the HKEX’s internal information system. The system contained confidential information involving listed companies, according to the anti-graft agency. Geoffrey Tong, 39, and his mother, Leung Yiu-chun, 68, jointly face one count of obtaining access…
The Independent Commission Against Corruption (ICAC) has announced charges against Geoffrey Tong, a former vice president of the Hong Kong Exchanges and Clearing (HKEX), and his mother, Leung Yiu-chun. The duo faces a single charge of obtaining access to a computer with intent to gain dishonestly, as outlined in the Crimes Ordinance. The alleged offense transpired between February 2018 and April 2023, according to the ICAC.
The investigation uncovered that Geoffrey Tong allegedly accessed confidential information from the HKEX's internal information system, which encompassed details of listed companies, unrelated to his job duties. This access occurred several times. Consequently, his mother's investment account engaged in share transactions for these companies, resulting in profits surpassing HK$500,000.
The case was presented to the Eastern Magistrates' Courts on Wednesday. The ICAC has cautioned that there may be further prosecutions pending the continuation of the investigation.
Written by urgent.news from RTHK English's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
