Ex-Hong Kong market watchdog accused of snitching on friends

Three people, including a former Hong Kong securities regulator, were charged with conspiracy to commit misconduct for allegedly disclosing non-public information about a planned rights issue and profiting from it.

Kenneth Leung, 30, who worked as a manager in the investment products division of the Securities and Futures Commission, and Lai Lit-wai, 34, a hospital management nurse, were charged with conspiracy to commit misconduct in public office, according to the statement. from the city’s Independent Anti-Corruption Commission late Friday. Leung and Chung Tsz-kin, 35, a senior government adviser at the Justice Department, jointly face another indictment on the same charge, the report said.