Guilty by Association: The Insider Trading Scandal that Tarnishes Hong Kong's Corporate Culture The verdict against 79 year old film producer Raymond Wong Pak ming is a stark reminder of the entrenched rot in Hong Kong's corporate world.
On Friday, Magistrate Ko Wai hung found Wong guilty of sharing insider information with his sister to trade shares of Transmit Entertainment, a television series production company he controlled in 2017.
The illicit gain – over HK$1 million (US$127,650) – is a staggering indictment of the ease with which high stakes financial manipulation can be carried out.