BREAKING NEWS

Mining executive jailed in Australia for insider trading

By REUTERS

FEBRUARY 15, 2013 08:07

MELBOURNE - A former executive of Hanlong Mining Investment Pty Ltd was sentenced to two years and three months in jail by an Australian court on Friday for insider trading, Australia's securities regulator said.

Bo Shi Zhu, who was also known as Calvin Zhu, pleaded guilty to three counts of insider trading, the Australian Securities and Investments Commission said.

Zhu was a former Hanlong Mining Investment Pty Ltd (Hanlong Mining) vice-president. The charges stem from his time at Hanlong, as well as Caliburn Partnership and Credit Suisse Management (Australia) between 2006 and 2011, the regulator said.

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