A former civil servant has been arrested by the ICAC on suspicion of loansharking activities involving 53 former colleagues.
Anti-graft investigators arrested the man and an alleged accomplice as they left the Water Supplies Department's depot in Sai Yee Street, Mongkok, on Friday.
The ICAC said the suspect, who had been employed by the then Public Works Department - now the Works Bureau - had approximately $70,000 on him when he was arrested.
Investigators believe the loansharking business was run from the water supplies depot.
The ICAC said the man had lent up to $3 million at excessive rates 'over a long period of time' to 53 Water Supplies Department employees.
The ICAC said it had interviewed one water works inspector, two assistant inspectors, 21 work supervisors, and 29 other department staff for allegedly obtaining unauthorised loans.
