The ICAC and the Competition Commission executed a joint operation, “Shotgun,” on August 21 and 22, targeting a syndicate suspected of corruption and bid-rigging. Following a four-month investigation, the agencies arrested five individuals and interviewed 22, executing search warrants at around 20 locations, including offices and residences. The investigation uncovered alleged bribery and bid-rigging activities related to renovation projects totaling over $1 billion. The ICAC is focusing on two residential estates worth $140 million, while the Competition Commission is investigating 38 projects. The agencies urge public reporting of suspected corruption and bid-rigging, with contact details provided for both the ICAC and the Competition Commission.
Resources: https://www.icac.org.hk/en/p/press/index_id_1933.html