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FOUNDER & PUBLISHER Kowie Geldenhuys
EDITOR-IN-CHIEF Paulo Coutinho
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China
Home›China›ICAC arrests 29 in corruption probe linked to four banks

ICAC arrests 29 in corruption probe linked to four banks

By -
Tuesday, December 13, 2016
113
0

Hong Kong arrested 29 current and former staff of five financial institutions, including four banks, for alleged bribery connected with obtaining confidential customer information to market personal loans, the city’s anti-graft agency said.

Operation “Mirabilis” began last week and led to the arrests of three managers and 18 serving and former direct sales representatives of a bank, the Independent Commission Against Corruption said in a statement yesterday.

A manager and five current and former employees of three other banks, and two employees of a finance company were also detained, the agency said. It didn’t name the institutions.

The statement came after DBS Group Holdings Ltd. said on Friday that it had alerted authorities after discovering irregularities. The Singapore-based bank commented after Hong Kong’s Apple Daily newspaper reported that client data was leaked to a telemarketing center in China.

Bank managers may have accepted bribes as rewards for divulging confidential customer information, the ICAC said, adding that the companies involved had given their “full assistance” in the probe.

All those arrested are on bail, the agency said, adding that inquiries are continuing. Bloomberg

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DAILY EDITION

Friday, November 6, 2026 – edition no. 5069
Friday, November 6, 2026 – edition no. 5069

Greater Bay

MDT MACAU GRAND PRIX SPECIAL

November 2026
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