Another suspected core member of syndicate charged in ramp-and-dump case


An additional suspect has been charged in connection with a large-scale market manipulation syndicate, bringing the total number of persons charged to eight. Mr. Leung Chung Yi, a former licensed representative of the SFC, was charged with conspiracy to defraud and conspiracy to employ a scheme with intent to defraud or deceive in securities transactions. Leung appeared at the Eastern Magistracy and was granted bail on several conditions. The case was adjourned to 4 October 2023, and no plea was taken. No further comments will be made due to the ongoing legal proceedings.



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