By Daniel Hunter

A former boss of a Chinese mining firm has been extradited to Australia after going on the run from insider trading charges.

The Australian Securities and Investments Commission said Hui Xiao, also known as Steven Xiao, has been sent to Sydney from Hong Kong.

Xiao, the former chief executive of Hanlong Mining Investment, was part of two takeover bids in Australia in 2011 which failed. He was charged with 104 counts of insider trading in Sydney.

If found guilty, Xiao could be given a maximum sentence of 1040 years in prison. Each offence carries a maximum sentence of 10 years each.

He was given permission to leave Australia whilst on bail for a visit to China during the investigation in 2011, but didn't return. Xiao was arrested in Hong Kong in January, and tried to seek asylum.

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