A Hong Kong court on Thursday sentenced four people to up to 30 months in prison for conspiring to boost the market value of Asia Standard Hotel by HK$4bn ($500m) in the city’s largest market manipulation case. The sentencing highlighted a recent crackdown by HK’s securities regulator on market misconduct. Chan Chin-yuen was sentenced to 30 months in prison. His sister-in-law Elaine Au Yeung, brother Chan Chin-tat and friend Chui Siu-fung received jail terms of 26 months and all four were ordered to pay HK$288,400 each in legal costs.

This entry was posted by Gwen Robinson on Friday, November 27th, 2009 at 4:40 and is filed under Capital markets, People. Tagged with Asia Standard Hotel. Edit this entry.