Key facts
- Hong Kong's Competition Commission raided 11 offices and homes.
- The raids are related to alleged bid-rigging for virtual reality systems contracts.
- The contracts were for schools and non-profit organizations.
- The deals are valued at approximately HK$10 million.
- The operation was codenamed "Lens" and took place the day before the announcement.
Hong Kong's competition watchdog has raided 11 offices and homes over alleged bid-rigging for contracts to supply virtual reality systems to schools and non-profit organisations, with the deals valued at HK$10 million.
The Competition Commission revealed on Friday that it had secured warrants and searched the 11 premises, including those of several IT service and equipment providers, other firms and the residences of several suspects, in an operation the day before codenamed “Lens”.