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Finance

Former HKEX executive acquitted in bribes-for-IPOs case

Court rules prosecutors failed to prove corruption in $1m paid to official's wife

The case against Eugene Yeoh centered on 12 IPOs approved between 2014 and 2019.    © AP

HONG KONG -- A former senior executive of Hong Kong Exchanges & Clearing has been cleared of charges of receiving more than $1 million in bribes to support a dozen initial public offerings on the bourse.

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