Former Hong Kong market guard charged with tipping off friends

Three people, including a former Hong Kong securities regulator executive, have been charged with conspiracy to commit misconduct for allegedly leaking non-public information about a proposed rights issue and profiting from it.

Kenneth Leung, 30, who was employed as a manager of the Securities and Futures Commission’s investment products department, and Lai Lit-wai, 34, a hospital authority nurse, face one count of conspiracy to commit misconduct in public office, it said a statement from the city’s Independent Commission Against Corruption late Friday. Leung and Cheung Tsz-kin, 35, a senior government adviser at the Justice Ministry, face another joint indictment on the same charge, it said.