Two other directors, Gu Yanfei (who has since left the board) and Li Yongji, were also fined S$150,000 each for helping to conceal the losses. All three face prison sentences if they fail to pay.
Jia, who received the maximum allowable sentence for insider trading, remains chairman. The insider trading charge stemmed from the sale of 15% of CAO in October 2004, shortly before the company sought bankruptcy protection.
The week on Risk.net, December 2–8, 2017Receive this by email