Hong Kong’s anticorruption watchdog arrested a former high-ranking official at the city’s stock exchange for allegedly rigging the approval system for companies applying to go public
The official was Eugene Yeoh, who had been a co-head of the Hong Kong Exchanges & Clearing Ltd.’s vetting team for initial public offerings, people familiar with the matter said. Two associates were also arrested, according to a statement from the city’s Independent Commission Against Corruption.
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