22 arrested as Hong Kong’s ICAC raids firms linked to shady renovation deals

AI Summary
Hong Kong's Independent Commission Against Corruption (ICAC) arrested 22 individuals in connection with suspected corruption related to seven building renovation projects valued at over HK$200 million. The arrests, stemming from "Operation Lion Rock," targeted directors and employees of four project consultancy firms and three contractors, as well as chairmen of owners' corporations. The ICAC raided multiple locations, seizing documents and records related to projects in Tsuen Wan, Sham Shui Po, and other areas. The investigation was launched following complaints, and the ICAC stated its actions prevented the awarding of two contracts worth over HK$100 million. The suspects, aged 36 to 78, face allegations of corruption tied to renovation projects at housing estates, residential buildings, and an industrial building.
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