THE Insider Dealing Tribunal was believed to have implicated three people in Hong Kong's first contested insider dealing case, following an investigation intothe trading of shares in Public International Investments Ltd (PIIL) in 1992.
The three alleged insider dealers were understood to be Don Lau Yuen-leung, the suspended managing director of the corporate finance division of Nikko Securities (Asia), Leong Kwok-nyem, former director of JCG Holdings and general manager of JCG Finance, and his wife, Amy Foong Swe-heng.
A three-member tribunal, chaired by Mr Justice Stock, started hearing the case last October and adjourned the case for deliberation in February.
An open hearing has been tentatively set for Thursday, when those implicated will have a chance to make any final submissions before the tribunal decides on any penalties.
Under legislation passed in 1991, insider dealers can face a maximum penalty of an amount not exceeding three times the amount of the profit gained or loss avoided as a result of insider dealing.
Those found guilty may also face a ban of up to five years from holding a position as director of a listed company.