Hong Kong police have arrested 15 people on suspicion of manipulating the share price of media group Next Digital. Photo: K. Y. Cheng Hong Kong police have arrested 15 people on suspicion of manipulating the share price of media group Next Digital. Photo: K. Y. Cheng
Hong Kong police have arrested 15 people on suspicion of manipulating the share price of media group Next Digital. Photo: K. Y. Cheng

Hong Kong police detain 15 over multimillion-dollar manipulation of Next Digital stock after Jimmy Lai arrest, cite heavy losses for investors

  • Suspects accused of posting messages on social media to boost trading volume and attract other buyers
  • As the price swung between 7.5 HK cents to nearly HK$2, alleged fraudsters raked in nearly HK$38.7 million in profit over three days

Topic |   Crime in Hong Kong
Hong Kong police have arrested 15 people on suspicion of manipulating the share price of media group Next Digital. Photo: K. Y. Cheng Hong Kong police have arrested 15 people on suspicion of manipulating the share price of media group Next Digital. Photo: K. Y. Cheng
Hong Kong police have arrested 15 people on suspicion of manipulating the share price of media group Next Digital. Photo: K. Y. Cheng
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