Hanlong’s Steven Xiao extradited over Sundance insider trading scandal
Steven Xiao, the former managing director of Hanlong Mining, faced Sydney’s Central Local Court on Friday on 104 counts of insider trading after his extradition fight ended in a flight from Hong Kong on Thursday night.
Steven Xiao , the former managing director of Hanlong Mining, faced Sydney’s Central Local Court on Friday on 104 counts of insider trading after his extradition fight ended in a flight from Hong Kong on Thursday night.
The charges against Mr Xiao, a Chinese national also known as Hui Xiao and Jiayi Xiao, relate to the failed $1.3 billion takeover of Sundance Resources in July 2011. It could be Australia’s biggest insider trading case.
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