China Officials Jailed as Government Cracks Down on Leaks
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China jailed two officials for leaking classified economic data in its highest profile crackdown on selective disclosure linked to insider trading in the world’s third-biggest equities market.
Wu Chaoming, a researcher with the People’s Bank of China, was sentenced to six years in prison for willfully revealing secret information to 15 people in the securities industry, Li Zhongcheng, a state prosecutor said in Beijing today. Sun Zhen, a former secretary in the country’s statistics bureau, received five years on similar charges.