SHK Executive Director Thomas Chan was arrested by the Independent Commission Against Corruption (ICAC) on 19 March along with eight people linked to the company on the afternoon of 29 March 2012. Co-chairmen Thomas and Raymond Kwok and five others were arrested by the ICAC as part of an extensive corruption probe. Rafael Hui, former chief secretary, was also taken in for questioning. They were later released on bail. The probe caused a 15 per cent fall in the company's share price.Wong, Kelvin – Bloomberg News (30 March 2012). Sun Hung Kai Loses $5.8 Billion on Billionaire Kwoks' Arrest. San Francisco Chronicle.
