Page 200 - 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

5. Submission Lim Kim Hai Lim KH was charged with having committed an offence under
of misleading (Lim KH) section 32B(1)(a)(aa) read together with section 138(2) of the SCA
information to the when GP Ocean Food Bhd (GP Ocean) submitted through Alliance
SC in connection Merchant Bank Bhd, misleading information to the SC contained
with a proposal in GP Ocean’s Directors’ Report and Audited Financial Statements
31 January 2006. This 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.
Lim KH 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 Lim KH to
enter his defence on the charge against him.
On 28 March 2018, the Sessions Court acquitted Lim KH at the
end of the Defence’s case.

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

6. Submission Lee Sin Teck Lee ST was charged with having committed an offence under
of misleading (Lee ST) section 32B(1)(a)(aa) read together with section 138(2) of the
information to the SCA when GP Ocean Food Bhd (GP Ocean) submitted through
SC in connection the Alliance Merchant Bank Bhd, misleading information to the
with a proposal SC contained in the GP Ocean’s Directors’ Report and Audited
Financial Statements 31 January 2006. This information was
required to be submitted to the SC in connection with the GP
Ocean’s proposal for listing on the Main Board of Bursa Malaysia
Securities Bhd.
Lee ST was charged in the Sessions Court on 18 April 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 Lee ST
to enter his defence on the charge against him.

On 28 March 2018, the Sessions Court acquitted Lee ST at the
end of the Defence’s case.

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

190 | PART 5 »» STATEMENTS, STATiSTiCS ANd ACTiviTiES

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