Hong Kong police have arrested seven people over an alleged HK$12 billion false accounting conspiracy. Photo: Warton Li
Hong Kong police have arrested seven people over an alleged HK$12 billion false accounting conspiracy. Photo: Warton Li

Managers, business partners of Hong Kong-listed company arrested over alleged HK$12 billion false accounting scheme

  • Seven of the company’s managers and business partners were arrested in a series of raids on Tuesday
  • Those detained accused of conspiring to fabricate multiple false trades to exaggerate revenue during the financial years of 2016 and 2017

Hong Kong police have arrested seven people over an alleged HK$12 billion false accounting conspiracy. Photo: Warton Li
Hong Kong police have arrested seven people over an alleged HK$12 billion false accounting conspiracy. Photo: Warton Li
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