Former Citic Pacific staffer jailed for insider dealing
Eastern Magistracy sentences Simon Chui to 15 months in prison and fines him over $1 million for two counts of insider dealing in the firm's shares prior to a profit warning in 2008.
A former Citic Pacific employee was jailed for 15 months and fined over $1 million after being convicted of two counts of insider dealing in the company’s shares prior to a profit warning being issued in October 2008.
The sentence was handed down to Simon Chui Wing Nin, a former assistant director of finance at the firm, by Eastern Magistracy yesterday. He was convicted last month, as reported.
Chui was fined a total of $1,018,855 and ordered to pay investigation costs of $228,…
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