Hong Kong Bribery Probe: Brokers & Hedge Fund Raided

by Archynetys Economy Desk

Bankers allegedly profited off confidential information; 8 detained in joint operations

Guotai Junan Securities says business remains operational as usual after authorities raided the brokerage’s Hong Kong office on March 10.  © Reuters

LORRETTA CHEN

HONG KONG — Officers from Hong Kong’s securities watchdog and anti-corruption unit have raided three companies for suspected insider trading and corruption in one of the Asian financial hub’s largest financial probes in recent years, one that comes amid a stock listing boom.

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