Du Jun

Du Jun is a Chinese businessman and financier with origins in Beijing. He was known for his role as former managing director of the Wall Street investment bank Morgan Stanley in Hong Kong.

He was sentenced for a maximum seven years in prison in September 2009 and fined $23.3 million (about US$3 million) for his part in Hong Kong's biggest insider trading case – an "unprecedented" scam a judge said undermined the integrity of the leading Asian financial centre. He was convicted on nine counts on 10 September 2009 but pleaded "not guilty to all charges. He was also convicted of involving his wife in the scam. He was taken to appear before Garry Tallentire, Principal Magistrate of the Eastern Magistracy, the following day, making his court debut in the process. The SFC froze $46.5 million throughout their investigation and police assistance was also provided. Taped conversations which Du had with other bankers showed him claiming to have "a lot of inside information".

Conviction As well as the prison sentence and fine, Du received a five-year ban from taking high-profile posts in any listed company or dealing in any further of the type of business which resulted in his conviction.

Reaction Then-CEO of the SFC Martin Wheatley said that "This sentence sends the strongest possible message that insider dealing is not tolerated in Hong Kong and those found guilty can expect lengthy terms of imprisonment".