Financial Times FT.com

M Stanley approved alleged insider trade

By Justine Lau and Tom Mitchell in Hong Kong

Published: May 18 2009 15:57 | Last updated: May 18 2009 18:11

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 Monday.

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.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this