02 Mar 2006, Alexander Campbell, Risk magazine
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.
© Incisive Media Investments Limited 2014, Published by Incisive Financial Publishing Limited, Haymarket House, 28-29 Haymarket, London SW1Y 4RX, are companies registered in England and Wales with company registration numbers 04252091 & 04252093