• Fri
  • Jul 25, 2014
  • Updated: 9:30am
NewsHong Kong
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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

PUBLISHED : Monday, 24 February, 2014, 12:39pm
UPDATED : Monday, 24 February, 2014, 5:54pm
 

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.

Xiao resigned from Hanlong in 2011 after an investigation by Australia’s securities regulator into alleged insider-trading involving him and other Hanlong employees.

He left the country in November the same year and was declared a fugitive by the Australian authorities.

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This article is now closed to comments

norodnik
Testing... **** Hui ****
norodnik
Dear South China Daily Morning Post...would you please explain what this CENSORSHIP is all about?????
norodnik
Xiao **** will most likely disappear during the blackness of the night and miraculously reappear across the border (under the guise that the mainland wants him as well - thus avoiding the great scandals that would result of him being sent to Australia and spilling the beans on the Zhong Nan Hai crowd)...Stay Tuned!
norodnik
Strange that SCMP censored Mr. Xiao's given name...H*u*i ..... WTF is that all about?
 
 
 
 
 

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