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A former director general of
civil aviation, Albert Lam,
has been given a suspended
prison sentence after being
found guilty of insider
dealing. Deputy magistrate
John Glass rejected Mr Lam's
arguments that he'd been
affected by alcohol when he
bought 4,000 shares in
the aircraft maintenance firm,
HAECO, in June last year,
while he was a non-executive
director of the company.
Mr Lam was sentenced to five
months in jail, suspended for
two years. He was also fined HK$50,000, and ordered
to pay HK$107,000 towards the cost of the investigation by the
Securities and Futures
Commission.
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