A former vice president of the Hong Kong Exchanges and Clearing (HKEX) was charged by the Independent Commission Against Corruption (ICAC) on Wednesday for allegedly accessing the HKEX’s internal information system for dishonest gain. The system contains confidential information about listed companies, and the charge alleges that Geoffrey Tong, aged 39, and his mother, Leung Yiu-chun, aged 68, obtained access to this system between February 2018 and April 2023. According to the ICAC, Tong allegedly accessed confidential information of listed companies unrelated to his duties multiple times. As a result, Leung's investment account engaged in share transactions of these listed companies, yielding profits exceeding HK$500,000. The case was brought to the Eastern Magistrates' Courts for mention on Wednesday, and the ICAC stated that it would not rule out further prosecution as the investigation continues.
On Wednesday, the ICAC charged Geoffrey Tong and his mother, Leung Yiu-chun, for an alleged breach of the HKEX's internal information system. Tong, a 39-year-old former vice president of HKEX, and his 68-year-old mother are accused of obtaining access to confidential information involving listed companies with the intent of personal gain. The ICAC’s investigation uncovered multiple instances of Tong accessing relevant information, followed by trades made by Leung's investment account, resulting in profits in excess of HK$500,000. As the case progresses to the Eastern Magistrates' Courts for mention, the ICAC emphasizes that further legal actions remain possible as the investigation is ongoing.