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Former Gunns boss John Gay facing new insider trading investigation

Updated 9 hours 55 minutes ago

The former chairman of the collapsed Tasmanian timber giant Gunns may be forced to repay the money he earned through insider trading. It's less than two months since John Gay was convicted. Now the Australian Federal Police has confirmed it's CONSIDERING action against John Gay under proceeds-of-crime legislation. Those who saw his $50,000 penalty for insider trading as too lenient have welcomed the move.

Pat McGrath