News Snapshot:
Hong Kong police arrest 12 over ‘ramp and dump’ stock scam 05 Mar 2021 / 20:01 H. Pix for representational purpose only. HONG KONG: Hong Kong police today said they have arrested 12 people for allegedly running a “ramp and dump” stock scam in a series of raids targeting homes in swanky neighbourhoods. The joint investigation with the city’s Securities and Futures Commission (SFC) led to the freezing of HK$900 million (RM472.2 million) in assets. At a press briefing today, authorities said seven men and five women were being held on market manipulation, money laundering and fraud charges. They are...
