Hong Kong tribunal bans Citron's Left for 5 years

October 19, 2016 9:44 AM

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HONG KONG Oct 19 A Hong Kong tribunal banned Andrew Left, founder of U.S.-based short-seller Citron Research, for five years from the Hong Kong market after it found him guilty of market misconduct in connection with the publication of a research report in 2012.

In a ruling on Wednesday, the court also ordered Left to repay HK$1.6 million ($206,249) of profits made while shorting Hong Kong-listed Chinese property developer China Evergrande Group.

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