New | Prosecutors to ask CY Leung to green-light extradition over alleged insider trading
Department of Justice has received 23 boxes of files from Australian authorities detailing allegations against Xiao Hui, a former senior executive at China’s Sichuan Hanlong Group
Prosecutors are to ask Chief Executive Leung Chun-ying to approve a request from Australia for the extradition of a businessman accused of more than 100 offences of insider trading.
Xiao Hui, a former senior executive at China’s Sichuan Hanlong Group who was arrested at Hong Kong International Airport last month, appeared for mention at his extradition hearing at Eastern Court this morning.
A representative of the Department of Justice in Hong Kong said they had received 23 boxes of files from the Australian authorities and would ask Chief Executive Leung Chun-ying for "approval to proceed" with the extradition request.
The prosecutor said that if the chief executive were to approve the request but Xiao were to refuse to comply, a committal proceeding would be carried out.
Principal Magistrate Bina Chainrai adjourned the case to March 13 this year while the prosecution sought the approval.
Xiao was remanded in custody.