Franco Giuseppe, former CFO of Permasteelisa Pacific Holdings (PPH), was fined $40,000 each on three counts of insider trading and fined an additional $80,000 each on two counts of market rigging. A total of 15 similar charges were taken into consideration by District Judge Kessler Soh when passing sentence. Mr Giuseppe had pleaded guilty in February earlier this year.
Read more: Singapore: Ex-CFO fined for market rigging, insider trading — The Straits Times
