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Former Macquarie Bank portfolio manager Oswyn De Silva has been sentenced to nine months jail with a none-parole period of six months for contempt of court.
The contempt charges related to action undertaken by the Australian Securities and Investments Commission (ASIC) and De Silva’s attempt to leave Australia earlier this month in breach of a Supreme Court restraining order.
De Silva pleaded guilty to the contempt charges and ASIC has confirmed that it is continuing its investigation in trading undertaken by De Silva between 2006 and 2007.
