DPP appealing against Kizon acquittal

The Commonwealth Director of Public Prosecutions has lodged an appeal against a judge’s decision to acquit Perth businessman, John Kizon, and an associate, of insider trading charges.

Mr Kizon and Nigel Mansfield stood trial earlier this year, accused of using knowledge not publicly available to trade in millions of shares in two companies.

Mr Kizon was found not guilty of all charges by the judge at the end of the prosecution case.

Mr Mansfield was also acquitted by the judge of most of the charges against him … and a jury later found him not guilty on another four counts.

Mr Kizon’s lawyers were notified of the appeal on Friday, when documents were also lodged with WA’s Court of Appeal.

I’m now the hunter: Kizon

Perth businessman John Kizon says authorities have spent tens of millions of dollars of taxpayers money, unsuccessfully prosecuting him and an associate on insider trading charges.

Mr Kizon made his comments after a District Court jury found his friend, Nigel Mansfield not guilty of four charges.

Earlier this week, the judge acquitted Mr Kizon and threw out a string of other charges against Mr Mansfield.

The case dated back eight years and the verdicts came after after a two and a half month trial.

Mr Kizon says Mr Mansfield was targeted because of their friendship.

“I was the one who was hunted, now Mr Kizon’s going to be the hunter, so I’m going to take them on in the civil court and how I’m going to take that on a malicious prosecution that never should have been brought,” he said.

Kizon cleared of insider trading

A District Court judge has thrown out the insider trading case against Perth businessman, John Kizon.

Mr Kizon and an associate, Nigel Mansfield, have been on trial for the past two months accused of using information, not publicly available, to trade in millions of shares in two dot com companies.

The men denied any wrongdoing and today Judge John Wisbey ruled that Mr Kizon should be found not guilty of all charges against him.

Judge Wisbey said he had determined there was no evidence that the information used by the two men was “true”.

The judge found Mr Mansfield not guilty of all but four charges for which the trial will continue.

Outside the court, Mr Kizon’s lawyer Stephen Shirrefs said the judge had found that the case against his client was defective.

“The information which the prosecution alleged was inside information could not be established on the evidence to be correct or true,” he said.

Mr Kizon made no comment other than to thank his lawyers.