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Police today (April 21) charged a 49-year-old man with failing to preserve secrecy.

The suspect was appointed in July 1997 as a lay member of an Insider Dealing Tribunal to hear a suspected insider dealing case in connection with a listed company.

He was then bounded by the Securities and Futures Commission Ordinance to preserve secrecy in the case.

In August 1998, officers of Commercial Crime Bureau (CCB) received a complaint that the suspect had failed to comply with the requirement under the Ordinance.

Police investigations revealed that the suspect released some confidential information to some third parties between March and April 1998.

Police officers subsequently arrested the suspect in his office in Wan Chai this morning.

He was charged with two counts of failing to preserve secrecy and released on bail at $50,000 in cash.

He will appear in Eastern Magistracy on April 23 to face his charges.

Police Report No. 8

Issued by PPRB

End/1800 hours, Saturday, April 21, 2001 (IA/CA)

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