Here's an excerpt from the SMH, regarding Hanlong insider trading case.
This guy only crime is insider trading, and he got extradited from Hong Kong..
Deliberate fraud rank much higher on the offence scale. What do you reckon 4 years for jail for Jiameng and 6 years jail for his dad, 2 years jail for Ting Jiang? company sold off and proceed distributed to shareholders.
http://www.smh.com.au/business/hanl...ce-in-australian-history-20160311-gngjji.html
Fleeing to Hong Kong
Xiao was able to slip through ASIC's net after the NSW Supreme Court varied court orders obtained by the regulator, which permitted him to travel to China and return to Australia in November 2011. However, the executive failed to return.
The Australian government issued a request to Hong Kong authorities to arrest him in November 2013.
In January 2014, Xiao was arrested in Hong Kong and, following extradition proceedings, Hong Kong issued an order to surrender him to Australia. He was escorted by officers from the Australian Federal Police from Hong Kong to Sydney.
The year-long case saw ASIC team up with the Commonwealth Attorney-General's Department, the Commonwealth Director of Public Prosecutions, the AFP as well as the Hong Kong Department of Justice and the Hong Kong police.
ASIC's investigation into Hanlong Mining has led to $586,000 being restrained and $792,000 being forfeited under the P
