Not guilty plea from Gay

Written By miftah nugraha on Kamis, 01 Agustus 2013 | 19.55

FORMER Gunns chairman John Gay has entered formal pleas of not guilty to two charges of insider trading.

Mr Gay has appeared by video link in the Tasmanian Supreme Court in Hobart, where the pleas were entered to allow legal argument.

The former timber company head is accused of selling about 3.4 million shares, worth about $3 million, with knowledge about Gunns' performance that was not available to the market.

A jury is scheduled to be empanelled in Launceston on Monday.

The trial is expected to ask between three and five weeks.

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