Hong Kong arrests 50 in HK$500m bid-rigging crackdown on housing estates

Hong Kong authorities arrested 50 people, including alleged triad members, in a coordinated operation against bid-rigging involving 27 housing estates and HK$500 million in contracts. The ICAC, police, and Competition Commission jointly acted, targeting an alleged mastermind and core members. The investigation is ongoing, and the full extent of the scheme remains unclear.