A Hong Kong court yesterday sentenced four people to up to 30 months in prison for conspiring to boost the market value of Asia Standard Hotelby HK$4bn ($516m) in the city's biggest market manipulation case.
The sentencing was the culmination of the latest case brought by the Securities and Futures Commission, the Hong Kong regulator, in an ongoing crackdown on market misconduct.
Chan Chin-yuen was sentenced to 30 months in prison. His sister-in-law Elaine Au Yeung and brother Chan Chin-tat and friend Chui Siu-fung received jail terms of 26 months each.
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