Hong Kong police have waded into the saga surrounding last year's aborted buy-out of PCCW, the telecoms operator headed by Richard Li, by quietly executing search warrants at companies and executives involved in the matter.The Securities and Futures Commission, Hong Kong's market regulator, in April last year won a court order blocking a proposed buy-out of PCCW by Pacific Century Regional Developments, Mr Li's Singapore-based holding company, and China Unicom, PCCW's second-largest shareholder. Full Story
