Page 196 - SC Annual Report 2018 (ENG)

Securities
Commission
Malaysia
ANNUAL
REPORT
2018

Table 6
details of criminal prosecution in 2018

Nature of date
No. Offender(s) Facts of charge(s)
offence charged
1. Engaged in Ismail Basir (Ismail) Ismail was charged with 2 counts of engaging in an 16 January 2018
an act which act which operated as a fraud in connection with the
operated as purchase of securities under section 87A(b) of the
a fraud in Securities Industry Act 1983 (SIA) and section 179(b)
connection of the Capital Markets and Services Act 2007 (CMSA).
with the Between August 2007 and November 2008, Ismail was
purchase of alleged to have defrauded a sum of RM350,000 from
securities Koperasi Pelaburan Pekerja-Pekerja Proton Bhd (KOPRO)
in connection with the purchase of Proton Holdings
Bhd shares. Ismail was also alleged to have represented
to KOPRO that he was a remisier, when in fact he was
never licensed by the SC.
2. Insider Mohd Nor Abdul Nor was charged with 1 count of insider trading under 13 February
trading Wahid (Nor) section 188(2)(a) of the CMSA. He is alleged to have 2018
acquired 500,000 units of Three-A Resources Bhd
(Three-A) shares on 5 October 2009 while in possession
of inside information in relation to the proposed
collective venture between the businesses of Three-A
and Wilmar International Limited.
3. Allowing a Azuzay Zamani Azuzay was charged with 1 count under section 29A of 13 February
person who (Azuzay) the Securities Industry (Central Depositories) Act 1991 2018
is not an (SICDA). Azuzay, who held an OSK Investment Bank
authorised Bhd account, is alleged to have allowed Mohd Nor
nominee of Abdul Wahid to effect the acquisition of 500,000 units
a deposited of Three-A Resources Bhd shares on 5 October 2009.
security
to effect
dealings in
respect of
the deposited
security

4. Insider A.F.M Shafiqul Shafiqul was charged with 1 count of insider trading 22 February
trading Hafiz (Shafiqul) under section 188(3)(a) of the CMSA for having 2018
communicated to one Harjit Singh Gurdev Singh
between 22 March 2009 and 6 April 2009 on material
non-public information in relation to the proposed
privatisation of Johor Land Bhd via a Voluntary General
Offer at a price of RM1.55 per share.
5. Insider Harjit Singh Harjit was charged with 3 counts of insider trading 22 February
trading Gurdev Singh under section 188(2)(a) of the CMSA. He is alleged to 2018
(Harjit) have acquired 346,500 units of Johor Land Bhd (JLand)
shares between 23 March 2009 and 6 April 2009 while
in possession of material non-public information in
relation to the proposed privatisation of JLand via a
Voluntary General Offer at a price of RM1.55 per share.

186 | PART 5 »» STATEMENTS, STATiSTiCS ANd ACTiviTiES

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