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Former chief of Palestinian General Petroleum Corporation found

 guilty of insider trading

   
   
  Date : 16/03/2009
   
 

Ma’an – Former chief of the Palestinian General Petroleum Corporation Harbi Sarsour was found guilty of insider trading and innocent of fraud and embezzlement by a Ramallah Magistrate’s court Monday and sentenced to two years in prison.

Sarsour was also convicted of impeding a police investigation. According to the court decision the 57-year-old took home millions from the scandal. He was detained on 4 January 2006, but was released eight months later on bail.

His prison sentence of two years is minus the eight months he spent in police custody, but includes a fine of 100 Jordanian dinars ($150). The verdict is appealable.

The Palestinian prosecution criticized the decision and intends to follow up with further court action.

   
   

 

 

 
 
   

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