Penalties have been meted out to Carlton Poon and Jenny Kong for insider dealing involving HKCB Bank Holding Company and Hong Kong China Limited, now named Lippo China Resources.

The Insider Dealing Tribunal, chaired by Justice Lugar-Mawson, with Dickson Lee and Ian Robinson as members, ordered the pair not to be a director, liquidator, receiver or manager of the property of a listed company, or directly or indirectly be concerned or partake in the management of a listed company for five years without leave of the Court of First Instance.

Poon has been ordered to pay to the Government $3.42 million, being the profit gained in the insider dealing, and a penalty of $6.84 million - twice the profit gained.

Poon and Kong have also been ordered to pay to the Government $11.8 million for the profit gained, a $23.6 million penalty, and $10.5 million in inquiry costs.