High Court Acquits Ex Supermax Md Of Insider Trading


 


The Kuala Lumpur High Court has acquitted former Supermax Corp Bhd managing director Stanley Thai Kim Sim of insider trading offences.
High Court judge Azhar Abdul Hamid allowed the appeal by Thai during open-court proceedings this afternoon.
In effect, this means that the five-year jail sentence and RM5 million fine against Thai have been quashed.
The judge also allowed an appeal by former stockbroking agent Tiong Kiong Choon, who is appealing against his conviction and sentence of five years in jail and RM10 million fine for alleged use of information linked to purported insider trading.
In effect, this means that the five-year custodial sentence and RM10 million fine against Tiong have been set aside today.
On Nov 24, 2017, it was reported that the Kuala Lumpur Sessions Court convicted Thai, who was then managing director of Malaysian rubber glove maker Supermax Corp Bhd, of insider trading offences relating to a time when he was CEO of another company.
Aside from the custodial sentence, Thai was also sentenced with a RM5 million fine for communicating non-public information about APL Industries Bhd (APLI) in 2007, when he was APLI's chief executive.
However, the lower court granted a stay of execution pending Thai’s appeal to the High Court.
The lower court had also sentenced Tiong, who allegedly received the information, to five years in jail and a RM10 million fine.
It was reported that today was fixed for the High Court hearing of the appeal by Thai and Tiong.





During proceedings this afternoon, judge Azhar ruled that the Sessions Court conviction against both appellants was not safe.
He said the court was persuaded by submissions put forward by the appellants' legal team during the hearing of the appeal.
"The conviction is not safe.
"The court sets aside the sentence of imprisonment and fine," Azhar ruled as a single brief clap was heard coming from the public gallery, which was packed with the appellants' family members, among others.
When met by the media after proceedings, Thai did not comment much except to say that a statement would be issued later in regards to today's verdict.
Counsel Shamsul Sulaiman and Mohd Yusof Zainal Abiden represented appellants Thai and Tiong respectively.
The prosecution was conducted by Mohd Hafiz Mohd Yusoff.
In a statement issued in November 2017, the Securities Commission said the alleged insider information was related to the audit adjustments proposed by APLI's auditors, resulting in APLI reporting a higher loss for the 2007 financial year.
The commission claimed that APLI was subsequently classified as a financially distressed company due to the adjustments. - Mkini


Artikel ini hanyalah simpanan cache dari url asal penulis yang berkebarangkalian sudah terlalu lama atau sudah dibuang :

http://malaysiansmustknowthetruth.blogspot.com/2020/09/high-court-acquits-ex-supermax-md-of.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MalaysiansMustKnowTheTruth+%28Malaysians+Mus

Kempen Promosi dan Iklan
Kami memerlukan jasa baik anda untuk menyokong kempen pengiklanan dalam website kami. Serba sedikit anda telah membantu kami untuk mengekalkan servis percuma aggregating ini kepada semua.

Anda juga boleh memberikan sumbangan anda kepada kami dengan menghubungi kami di sini
Suit Over Anwar S Pardon Can Go On Rules High Court

Suit Over Anwar S Pardon Can Go On Rules High Court

papar berkaitan - pada 22/9/2020 - jumlah : 233 hits
The High Court here today dismissed applications by the government and Anwar Ibrahim to strike out a lawsuit filed against them by lawyer Mohd Khairul Azam Abdul Aziz over Anwar s pardon in 2018 In his lawsuit Khairul is seeking a declarati...
High Court To Rule On 4 200ha Ncr Rights Case In Tg Manis Sarawak

High Court To Rule On 4 200ha Ncr Rights Case In Tg Manis Sarawak

papar berkaitan - pada 6/10/2020 - jumlah : 227 hits
The High Court in Sibu Sarawak is on Oct 21 set to rule on a legal battle involving five plots of native customary rights land totalling about 4 200 hectares in Tanjung Manis Mukah The land in dispute is located around Sungai Sebayang in Tu...
Court Fixes January Next Year To Hear State Govt S Defamation Suit Against Chong

Court Fixes January Next Year To Hear State Govt S Defamation Suit Against Chong

papar berkaitan - pada 24/9/2020 - jumlah : 246 hits
Chong Chieng Jen 8211 File photo KUCHING The High Court has fixed the hearing for the state government and State Financial Authority 8217 s defamation suit against DAP Sarawak chairman Chong Chieng Jen over the allegation of missing R
Karpal S Daughter Wants Court President To Clarify If Judge S Affidavit Is Factual

Karpal S Daughter Wants Court President To Clarify If Judge S Affidavit Is Factual

papar berkaitan - pada 23/9/2020 - jumlah : 153 hits
Lawyer Sanjeet Kaur Deo says Hamid Sultan Abu Backer s affidavit should have been investigated before issuing him a show cause notice PETALING JAYA A lawyer wants an answer from Court of Appeal president Rohana Yusof whether an internal inq...
Stateless Woman Loses Court Battle To Get Malaysian Citizenship

Stateless Woman Loses Court Battle To Get Malaysian Citizenship

papar berkaitan - pada 25/9/2020 - jumlah : 211 hits
Tan Soo Yin with her lawyer Jasmine Wong outside the High Court after the proceedings today KUALA LUMPUR A stateless woman today failed to obtain a High Court declaration that she is a Malaysian citizen High Court judge Mariana Yahya dismis...
Seriously Bro Too Much See You In Court Syamsul Yusof Mahu Saman Youtuber

Seriously Bro Too Much See You In Court Syamsul Yusof Mahu Saman Youtuber

papar berkaitan - pada 29/9/2020 - jumlah : 506 hits
Semua sedia maklum mengenai isu rumah tangga pasangan Syamsul Yusof dan Puteri Sarah Liyana yang kini sedang hangat diperkatakan dan sehingga ke hari ini masih menjadi tanda tanya source
Customary Marriage Widows Entitled To Socso Pension Says Court In Landmark Ruling

Customary Marriage Widows Entitled To Socso Pension Says Court In Landmark Ruling

papar berkaitan - pada 1/10/2020 - jumlah : 161 hits
The Court of Appeal today ruled that widows whose marriage was not registered can claim for benefits under the Socso Act PUTRAJAYA The Court of Appeal has ruled that widows whose marriage are not registered are entitled to claim for survivi...
Reference To Court On Article 6 Of Sabah Constitution Not Unlikely

Reference To Court On Article 6 Of Sabah Constitution Not Unlikely

papar berkaitan - pada 29/9/2020 - jumlah : 211 hits
It is interesting how Bridget Welsh in her of voting by the main ethnic groups in Saturday s election refers to the pattern of engagement along with ethnicity as a uniquely Sabah pattern Sabah is also unique on an important matter that goes...
Oriental Kopi Klcc Port Minum Kopi Terbaru

Pasar Raya Flagship Jaya Grocer Di Sunway Pyramid Tarik Pengunjung Dengan Penampilan Serba Baharu

U Mobile The New Ali Baba Contractor For The Second 5g Network Tender

The Celebrity Legs And Feet In Tights 2024 Pantyhose Queen Poll Full Contender List

Panas Artis Wanita Malaysia Ditahan Polis Thailand Turut Ditemukan 6 000 Biji Pil Kuda

Iphones Dalam Bahaya Amaran Baru Peretasan Sasarkan Peranti Apple

Explore The Hottest Tangkasnet Gaming Trends And Top Picks For 2024

Jangkitan Kulit Utama Oleh Mycobacteria Bukan Tuberkulosis Laporan 6 Kes


echo '';
Info Dan Sinopsis Drama Berepisod Senyawa iQIYI Malaysia

Info Dan Sinopsis Drama Berepisod Project Projek Exit Astro Originals

Pelajari Asal Usul Nama Makhluk Seram Kisah Fiksyen Barat Yang Terkenal

10 Fakta Filem Kahar Kapla High Council Yang Ramai Tak Tahu Prekuel Drama Project Projek High Council

Anugerah Seri Angkasa 2024 Senarai Keputusan Pemenang Calon Top 5 Kategori Hadiah Persembahan Penyampai Trofi Dan Segala Info ASA 36


Immigration Officers Involved In Counter Setting Case Transferred Says Dg

Kerajaan Perkenal Undang Undang Lebih Tegas Tangani Buli Siber Kata Anwar

Malaysiaweeklyrecap 30 September

Malaysiaweeklyrecap October

Learning Has Always Been Distinctive Not Uniform

Ebook Rahsia Taobao