SFC Executive Charged by ICAC with Perverting Public Justice
A former top official at the Securities and Futures Commission has been charged by the Independent Commission Against Corruption with conspiracy to pervert public justice. Deng Yingxia, 48, who was an associate director at the SFC in the market misconduct team of the enforcement division, is accused of providing advice to individuals under investigation by the SFC for suspected market manipulation. The ICAC stated that this advice included guidance on how to handle the investigation, such as destroying potential evidence.
Deng is facing one count of conspiracy to pervert the course of public justice, which is a serious offense. She has been released on bail by the ICAC and is expected to appear at the Eastern Magistrates’ Court for mention. Although Deng had access to confidential information related to the investigation, she was not directly involved in the investigative work. The ICAC emphasized that she was prohibited from disclosing confidential information to unauthorized parties.
According to the ICAC, Deng allegedly conspired with one of the subjects of the market manipulation investigation between July 15 and 27, 2022. She reportedly met with this individual and others involved in the investigation, offering advice on how to handle the SFC’s inquiries. This advice included suggestions on how to respond to SFC questions and recommendations to destroy potential evidence.
These are serious allegations that highlight the importance of maintaining the integrity of public justice. The legal process will now unfold as Deng faces the charges brought against her. It’s a reminder of the significance of upholding the law and ensuring that justice is served. Stay tuned for updates as this case progresses.
