HONG KONG, April 3 (Reuters) - Chinese conglomerate Citic Pacific said on Friday that the Commercial Crime Bureau of the Hong Kong police had executed a search warrant requiring the company and its directors to provide certain information regarding past foreign exchange contracts.
The company's directors are being investigated for alleged false statements and conspiracy to defraud in connection with contracts entered into by the company in 2007 and 2008, Citic Pacific said in a statement.
In March the steel-to-property conglomerate reported a worse than expected year loss of HK$12.7 billion from betting the wrong way on the Australian dollar.
The loss for 2008 included a HK$14.6 billion deficit from foreign exchange contracts.
The company said that there had been no charges or arrests and the investigation will not have any material impact on its operations.
The company has asked the Hong Kong stock exchange for trading in its shares to be resumed on Monday. Trading was suspended Friday. (Reporting by Leonora Walet; Editing by Greg Mahlich) ($1=7.75 Hong Kong dollars)