Story thread · 2 reports / 2 sources

12 raids launched over alleged renovations bid-rigging

rthk.hk · 6h · first reportShare

The Competition Commission on Thursday said it raided 12 premises of building contractors and individuals over alleged bid‑rigging of maintenance projects at 28 housing estates and buildings. The raids were part of a new crackdown on anti‑competitive practices in the trade. The watchdog said the raids, which took place on Wednesday, included the offices of four building contractors and the residences of the individuals involved. The contracts in which they were involved have an estimated total value of around HK$500 million. The commission said the 28 housing estates and buildings are located across Hong Kong, with some projects yet to be awarded, while work on other projects had commenced or had been completed prior to its investigation. The watchdog said it has been reaching out to relevant stakeholders of the buildings involved in the case. The latest search operation, codenamed "Hunter", came after officers found new leads from sifting through evidence collected during the first ro