Page 199 - SC Annual Report 2018 (ENG)

Securities
Commission
Malaysia
ANNUAL
REPORT
2018

Table 7
outcome of criminal trials and appeals in 2018 (Continued)

Nature of
No. Offender(s) Description
offence
3. Furnishing false Alan Rajendram On 24 June 2010, Alan Rajendram, a former executive director
statements to Bursa Jeya Rajendram of LFE Corporation Bhd (LFE), was charged under section 122B(b)
Malaysia Securities (Alan Rajendram) (bb) of the SIA and section 369(b)(B) of the CMSA for knowingly
Bhd permitting the furnishing of false statements by LFE to Bursa
Malaysia Securities Bhd in relation to LFE’s unaudited financial
results for all 4 quarters for its financial year ended 31 December
2007. The false statements were in relation to fictitious purchases
of approximately RM119 million made by LFE International Ltd, a
subsidiary of LFE.

On 10 October 2012, the Sessions Court convicted Alan
Rajendram of all 4 charges and sentenced him to 1 year
imprisonment and a fine of RM300,000 for each charge. The jail
term is to run concurrently.

On 28 November 2016, the High Court dismissed Alan
Rajendram’s appeal against his conviction and sentence.

On 23 March 2018, the Court of Appeal dismissed his appeal
and Alan Rajendram was ordered to serve his sentence with
immediate effect.
4. Submission Dato’ Lim Kim Dato’ Lim KM was charged with having committed an offence
of misleading Ming under section 32B(1)(a)(aa) read together with section 138(2)
information to the (Dato’ Lim KM) of the SCA when GP Ocean Food Bhd (GP Ocean) submitted
SC in connection through Alliance Merchant Bank Bhd, misleading information to
with a proposal the SC contained in:

• Gropoint Fisheries Sdn Bhd’s Directors’ Report and Audited
Financial Statements 31 January 2006; and
• Gropoint Seafood Industries Sdn Bhd’s ‘Directors’ Report and
Audited Financial Statements 31 January 2006.

Gropoint Fisheries Sdn Bhd and Gropoint Seafood Industries Sdn
Bhd were at the material time subsidiaries of GP Ocean. The
information was required to be submitted to the SC in connection
with GP Ocean’s proposal for listing on the Main Board of Bursa
Malaysia Securities Bhd.

Dato’ Lim KM was charged in the Sessions Court on 22 May
2007. On 6 January 2011, the Sessions Court acquitted and
discharged him. The Prosecution then appealed to the High
Court, which on 14 February 2017, overturned the acquittal and
ordered Dato’ Lim KM to enter his defence on the charge against
him.

On 28 March 2018, the Sessions Court acquitted Dato’ Lim KM at
the end of the Defence’s case.

On 9 April 2018, the Prosecution filed an appeal to the High
Court against the acquittal.

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