Media365
Hong Kong’s anti-corruption agency, Independent Commission Against Corruption, has detained an employee of Chinese-backed brokerage Guotai Junan International Holdings, the company said in a filing to the Hong Kong stock exchange on Thursday morning.
Guotai Junan International, a subsidiary of Guotai Junan Securities, did not identify the staff, but said that the person was not a member of the board. The company suspended the employee on Tuesday.
The Hong Kong-based brokerage also said that the market regulator Securities and Futures Commission (SFC) and ICAC raided the company’s office, armed with search warrants, and seized certain documents on Tuesday.
“The company attaches significant importance to this matter and will closely monitor the development,” Guotai Junan International said in the filing.
“The board confirms that, as at the date of this announcement, the group’s overall business and operations, including its investment banking business and all other business segments, continue to operate normally. The group remains financially sound, with all business activities being conducted in an orderly and compliant manner.”
The company did not give more details about the investigation. The SFC and ICAC did not immediately reply to requests for comment.
