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Hong Kong Handover: Newspaper raided

Hong Kong's powerful Independent Commission Against Corruption (ICAC) yesterday launched an unprecedented crackdown on a newspaper company accused of falsifying its circulation figures, writes Stephen Vines.

Six executives from the English language Hong Kong Standard newspapers were arrested and the homes and offices of executives were raided by the ICAC, which has wide powers of search and arrest.

In a statement, the ICAC accused the Hong Kong Standard and Sunday Standard of "fraudulently and systematically" inflating circulation figures `to deceive a "UK based circulation audit company and local advertising clients".