Morgan Stanley compliance officers approved the trades of investment banker Du Jun, who is at the centre of Hong Kong's highest profile insider dealing trial, a court in the territory heard yesterday.
In February 2007 Samantha Ng, a former Morgan Stanley compliance manager, signed off on an application by Mr Du to buy shares in Citic Resources, a unit of China's largest investment conglomerate, after, she said, she confused it with sister company Citic Pacific.
“That's the only Citic stock I know from my memory,” Ms Ng told the court yesterday. Last week the court heard the recording of an initial telephone conversation between Mr Du and Ms Ng.
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