RAMALLAH (Ma'an) -- A Ramallah court of appeal on Tuesday found the former head of the Palestinian General Petroleum Corporation guilty of insider trading, fraud and embezzlement.

Harbi Sarsour was sentenced to three years in prison and fined 62 million shekels ($16.085 million), a Ma'an reporter said.

In March 2009, a magistrates court in Ramallah found Sarsour guilty of insider trading and innocent of fraud and embezzlement and he was sentenced to two years in prison, and 100,000 Jordanian Dinars ($150,000).