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Chinese Company Executive Receives Suspended Sentence in Securities Account Hijacking and Market Manipulation Case - Tokyo District Court
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On the 23rd, the Tokyo District Court sentenced Lin Xinhai (38), a Chinese national and representative director of the precious metals import/export company "L&H" (Kawasaki City), to prison for violating the Financial Instruments and Exchange Act (market manipulation) and the Unauthorized Access Prohibition Act. He was charged with using a hijacked securities account to artificially inflate the stock prices of specific stocks before selling them.
·Japan
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