Hong Kong’s corruption watchdog has arrested seven people linked to a listed company for suspected fraud following a cross-border operation involving Macau authorities. The Independent Commission Against Corruption (ICAC) said in a press release on Wednesday that it mounted an operation with Macau police as well as with Hong Kong’s market regulator, the Securities and Futures Commission. The watchdog arrested seven people allegedly involved in fictitious transactions and false accounting amounting to HK$120 million. Among them were the company’s chairperson and an executive director. “The inve…
