Chinese company listed in HK, insiders rape the company and the SFC is powerless to act.
"The Beijing high court upheld on appeal Wong's 14-year jail sentence for bribery and insider trading handed down in May. But it commuted a three year and six month term given to Du and released her, prosecutors said in a statement.
Wong, known on the mainland as Huang Guangyu, and Du have yet to answer allegations by Hong Kong's Securities and Futures Commission that they perpetrated stock market malpractice resulting in HK$1.6 billion in losses in 2008.
Last August the SFC won a High Court order freezing HK$1.66 billion in Gome shares controlled by Wong and Du. But to date it has been unable to serve a summons on the pair as their whereabouts were unknown.
People with direct knowledge of the case said the regulator cannot send a writ to Du across the border. Meanwhile, Du could send her representative to take part in Gome's special general meeting in the city next month."
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