【英语财经】肖辉因内幕交易在澳大利亚被判刑 Australia delivers toughest sentence for insider trading

  • A+
所属分类:双语财经

2016-3-11 23:42

小艾摘要: The former head of Hanlong Mining Investment, Hui Xiao, has been sentenced to eight years and three months in jail for his role in Australia’s biggest insider trading case.New South Wales Supreme Cou ...
Australia delivers toughest sentence for insider trading
The former head of Hanlong Mining Investment, Hui Xiao, has been sentenced to eight years and three months in jail for his role in Australia’s biggest insider trading case.

New South Wales Supreme Court Justice Peter Hall ruled on Friday that Xiao was guilty of “a gross breach of trust and confidentiality”.

Xiao, a Chinese citizen who also goes by the names Steven Xiao and Jiayi Xiao, pleaded guilty to conducting 102 illegal trades related to two Perth-based resources companies while he was managing director of the Australian arm of Hanlong Mining.

The Australian Securities and Investments Commission alleged that Xiao made a profit of A$1.7m through insider trading linked to Sundance Resources and Bannerman Resources. The watchdog said Xiao persuaded his wife and others to buy shares in the companies in which he had insider knowledge that they were the subject of proposed takeovers.

Both companies were the subject of proposed takeover offers by the Chinese company Hanlong Mining, which subsequently did not go ahead.

The sentencing brings to an end a five-year saga that in 2011 saw Xiao flee to China and later Hong Kong, where he unsuccessfully argued that he should be granted refugee status due to Australia’s harsh treatment of asylum seekers.

Xiao’s sentencing follows the execution of Liu Han, the former chairman of Hanlong Group — parent of Hanlong Mining — in China last year following his conviction on corruption charges.

ASIC welcomed Xiao’s sentence, which it believes is the longest handed down by an Australian court for insider trading.

“My message to anyone considering insider trading is ASIC will find you,” said Cathie Armour, ASIC commissioner. “We will find insider traders and we will prosecute you.”

一名被引渡至澳大利亚的矿业高管,成为该国历史上因内幕交易获判最长刑期的人。

周五,汉龙矿业投资公司(Hanlong Mining Investment)前总经理肖辉(英文名Steven Xiao)被判入狱八年零三个月。肖辉是2014年被从香港引渡至澳大利亚的。

肖辉面临的指控有100多项,皆涉及关于两家澳大利亚矿商的内幕交易,这两家矿商曾是汉龙的收购对象。2011年,澳大利亚证券和投资委员会(ASIC)启动了对此案的调查。

译者/何黎

本文关键字:财经英语,小艾英语,双语网站,财经双语,财经资讯,互联网新闻,ERWAS,行业解析,创业指导,营销策略,英语学习,可以双语阅读的网站!
  • 我的微信
  • 扫一扫加关注
  • weinxin
  • 微信公众号
  • 扫一扫加关注
  • weinxin

发表评论

:?: :razz: :sad: :evil: :!: :smile: :oops: :grin: :eek: :shock: :???: :cool: :lol: :mad: :twisted: :roll: :wink: :idea: :arrow: :neutral: :cry: :mrgreen: