Morgan Stanley banker jailed for 7 years for insider dealing

HONG KONG: A Hong Kong court on Friday sentenced a former senior banker at Morgan Stanley to seven years in jail - the heaviest punishment it can impose - in the city's largest insider dealing case.

Du Jun, former managing director of fixed income at Morgan Stanley Asia, was convicted of 10 insider dealing charges over his acquisition of shares worth 87 million Hong Kong dollars ($11.2 million) in CITIC Resources.

In sentencing, District Court Judge Andrew Chan said: "The scale was unprecedented. This case is the biggest I have come across so far."