Red Nicholls trial
Zhongshan City, Guangdong Province, former deputy secretary, the former mayor of Red Nicholls for guilty of insider trading, disclosure of inside information and accepting bribes, 27 in Guangzhou City Intermediate People's Court sentenced 11 years in prison and fined 20 million yuan, confiscation of property of $ 100,000. Lin Yongan her husband, sister and brother ming Lin Xiaoyan also been sentenced.
mayor in charge of restructuring
Court found that the end of 2006, Zhongshan Public Utilities Science and Technology public company's controlling shareholder group as a whole group of companies listed on the preparations. April 2007 to May, the Public Utilities Group Co., the former chairman Tan Qing in planning a public group quality assets into the listed company public technology companies and public groups to achieve the overall market.
meantime, Tanqing Nicholls red several times to report the matter to be supported Nicholls red. June 11, 2007, Tanqing in Zhongshan City led to the then reported on the plan, agreed by the Party leadership, in charge of the matter by the red Nicholls. In accordance with the instructions Tanqing, Zhongshan Public Utilities Group Co., the former assistant general manager Cheng Yuk Ling prepared a listing of project proposals, made a formal report to the Red Nicholls.
7 3, Nicholls Red,
UGG Boots Sale, Tan Qing, the Cheng Yuk Ling,
Cheap UGG Boots, who reported the China Securities Regulatory Commission public technology companies to achieve significant asset restructuring and public listing of the work group as a whole. Public technology companies the same day issued a notice, saying the company recently to discuss major issues. The next day, public technology stock suspension. July 13, convertible to common technology companies merger and private placement of common Group acquired the assets of township water supply initial program, and the China Securities Regulatory Commission sent a letter to the initial program. August 20, public science and technology shares resume trading, public technology companies board of directors issued a convertible to the public merger and private placement of common Group acquired the assets of township water supply plan announcement.
leaks income twenty million
China Securities Regulatory Commission survey found that 11 June 2007 to July 4, 2007 the stock suspension for the period of price-sensitive insider information.
2007 June Tanqing red Nicholls reported to the public technology companies prepare the asset restructuring matters, that public technology stock prices will rise, red Nicholls suggested to her husband Lin Yongan purchase. In mid-June, in the office meeting with Lin Yongan Tanqing, he leaked to the reorganization of public technology companies inside information, and that it financed the purchase of public science and technology stocks. In late June, but also at home to Nicholls red sister Lin Xiaoyan disclose the inside information, and asked her to buy 200 million of public science and technology stocks. Subsequently, Lin Xiaoyan from Lin Yongan transferred 2.365 million yuan deposit accounts, deposit accounts transferred from the ming, 3.5 million own funds and then set himself to raise funds totaling 6.7702 million yuan, to borrow the name of others in the China Galaxy Securities Co., Ltd. Zhongshan sales department procedures for the securities trading account, my friends is responsible for public trading technology stocks.
2007 年 29 June to 3 July, the two securities account before the suspension in the total public technology stock buying stocks 89.68 million shares of common technology, buying funds 6,693,262.37 yuan, 2007 September 18 to gradually sell 15 October, the book proceeds 19,832,350.52 yuan.
avoid the purchase of company shares
to meet the China Securities Regulatory Commission investigation of insider trading and other concealed Lin Xiaoyan crime that ming and Lin Yongan, Lin Xiaoyan, who discuss circumvention investigations. In December 2009, China Securities Regulatory Commission investigation found ming Lin Xiaoyan, who traded common stock of the situation of science and technology, ming technology that Lin Xiaoyan public stock trading profit 10 million yuan. Early April 2010, Lee Kai-ming Lin Xiaoyan made to transfer funds 10 million yuan to deposit accounts of others, to offer in a large electrical industry (Zhongshan) Co., Ltd. 20% stake. Lin Xiaoyan arrangements for his brother Lin Weicheng the matter.
Court also identified, from 2006 to 2010, using as Nicholls red Zhongshan Municipal Committee, mayor of his office, the other leading cadres job promotion, education of their children to provide help, accept bribes HK 400,000 and 100,000 yuan.
punishment all miss
court held that the red Nicholls guilty of insider trading, disclosure of inside information and accepting bribes, decided to implement 11 years in prison and fined 20 million yuan, the confiscation property of $ 100,000. Lin Xiaoyan guilty of insider trading and sentenced to imprisonment for 5 years and 6 months,
UGGS On Sale, and fined 13 million yuan. Lin Yongan guilty of insider trading and sentenced to 3 years and 6 months imprisonment and fined $ 3 million. Ming guilty of money laundering, was sentenced to two years and fined one million yuan. Cheng Yuk Ling guilty of insider trading, disclosure of inside information about the crime, was sentenced to seven years and fined 25.3 million yuan. Tanqing guilty in insider trading, disclosure of inside information about the crime, was sentenced to five years and fined RMB 107 million. The remaining defendants were sentenced to 1 year and 6 months to 6 years in prison. In addition, red Nicholls, who recovered the illegal income shall be confiscated.
According to Xinhua News Agency