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2.

has been paralleled in the Royal Hong Kong Police Force and in recent

years the ICAC has also taken on major cases involving corruption.

Accountants from the private sector are also brought in to investigate

to act

cases, and as expert witnesses. Of course the fight against commercial

crime is costly but I am sure Members do not wish to allow Hong Kong's

savings and investments, big or small, to be plundered with impunity.

Members are aware that the 57 recommendations of the Select

Committee on Complex Commercial Crime covered adminstrative matters as

well as matters for legislation. A number of those recommendations

have already been carried into effect by administrative means. We

have been working hard on the recommendations requiring legislation

bill!

and a

(white

'white bill will be published in about two week's time.

Although the bill seeks to implement the broad recommendations of the

Select Committee, its detailed provisions will be new and interested

parties must be given the opportunity to comment on them.

/...3