www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

CHINA> Regional
Man on trial for major securities insider trading
(Xinhua)
Updated: 2008-07-19 16:35

GUANGZHOU -- Dong Zhengqing, former president of China's sixth largest brokerage, went on trial for insider trading in this south China city on Friday, denying all charges and his earlier confession with police.

Dong was accused of tipping off the Guangfa Securities' reverse-merger listing on the Shenzhen Stock Exchange (SZ) to his younger brother Dong Dewei and former classmate Zhao Shuya, who were tried in the same case at Tianhe District Court in Guangzhou.

The three defendants denied their culpable confessions in court, saying they made those statements under intimidation and inducement by police.

The brokerage went public on reverse merger of the Yan Bian Road, a SZ-listed stock on June 2, 2006.

The market speculation on the Guangfa Securities' back-door listing drove up the Yan Bian Road stock, which hit 11 limit-ups at the bourse between March and June 3. The share price rose from 2.86 yuan ($0.4) to 8.06 yuan during the period.

Dong insisted in court that he was not involved in the listing procedure. On June 2, 2006, he was on business trip to southern Yunnan Province.

He said that the listing was conducted by two of his partners. He only got to know the listing during his trip. Before it, the company had had several other choices for the reverse merger.

Dong reasoned that since he was not involved in the trade, there was no way that he could have tipped it off as early as in February, 2006, when his relatives began to make purchases of the Yan Bian Raod stock.

Dong Dewei and Zhao Shuya were charged for profiteering 50 million yuan and 1 million yuan, respectively, from selling the stock afterwards.

Both of the two denied in court that they bought the stock after a tip-off from Dong, as they had previously confessed in police interrogations.

Dong Dewei said in court that he foresaw the potential of the Yan Bian Road stock early in February, 2006, and made several purchases of the stock, or 14.57 million shares in total at 70 million yuan to his personal account without consulting his brother.

The court heard the testimonies of several Guangfa executives, who said that though the former president Dong did not conduct the trade in person, he played the pivotal role in key decision-makings.

A court source said that the defendants' withdrawal of their former confessions made the case more complicated and prolonged the trial.

The Guangdong provincial government launched investigations on Dong and his relatives involvement in the back-door listing in June, 2007. Dong was arrested by police later in July.

 

 

主站蜘蛛池模板: 亚洲高清自拍 | 日韩欧美一区二区三区在线 | 一区二区不卡久久精品 | a级一级黄色片 | 国内国产真实露脸对白 | 亚洲网站视频 | 国产精品密蕾丝视频 | 欧美一级毛片香蕉网 | 免费看a毛片 | 国产精品久久久久精 | 久久免费黄色 | 在线男人的天堂 | 国产一区精品在线观看 | 成人www| 天堂8在线天堂资源bt | 美女毛片儿 | 久久99国产精品一区二区 | 揉揉胸摸腿摸下面va视频 | 在线免费观看国产 | 一区二区三区视频免费观看 | 亚洲午夜国产精品 | 欧美成人中文字幕 | 国产在线欧美日韩一区二区 | 国产步兵社区视频在线观看 | 日韩黄色一级片 | 91四虎国自产在线播放线 | 国内自拍视频在线播放 | 国产麻豆交换夫妇 | a毛片久久免费观看 | 在线免费看一级片 | 91成人爽a毛片一区二区 | 亚洲精品美女在线观看 | 中文字幕一区2区 | 欧美videosex性欧美成人 | 国产精品免费视频一区一 | 国产片91人成在线观看 | 成人偷拍视频 | 在线观看一级 | 精品欧美小视频在线观看 | 99久久精品免费 | 欧美亚洲日本在线 |