Research head at government-run ASTRI accused of holding shares in companies he approved HK$535,000 worth of purchases from
The research director of a government science institute has been charged with misconduct for failing to disclose his financial interests in two companies before endorsing over half a million dollars worth of purchases.
The Independent Commission Against Corruption (ICAC) found that Lau Man-kin, the research and development director of the Hong Kong Applied Science and Technology Research Institute (ASTRI), did not reveal that he and his wife had investments in the two vendors before he approved buying HK$535,000 (US$68,155) worth of computers and software.
The ICAC said in a statement on Friday that the case arose from a corruption complaint referred by ASTRI, which provided cooperation during the investigation.