Page 201 - 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

7. Submission Tan Siok Wan Tan SW was charged with having committed an offence under
of misleading (Tan SW) 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 a list titled ‘GP Ocean Food Bhd Group Top Ten Customer’. 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.
Tan SW was charged in the Sessions Court on 18 April 2007. On
6 January 2011, the Sessions Court acquitted and discharged her.
The Prosecution had then appealed to the High Court, which on
14 February 2017, overturned the acquittal and ordered Tan SW
to enter her defence on the charge against her.
On 28 March 2018, the Sessions Court acquitted Tan SW at the
end of the Defence’s case.

On 9 April 2018, the Prosecution filed an appeal to the High
Court against the acquittal.
8. Insider trading Goh Keng Huat Goh KH was charged with 10 counts of insider trading under
(Goh KH) section 89E(2)(a) of the SIA. He was alleged to have acquired
851,600 units of Road Builder Holdings (M) Bhd (RBH) shares
through the accounts of Wee Siew Ling between 4 September
2006 and 16 October 2006 while in possession of inside
information.

The SC alleged that the inside information referred to in the
charges related to the proposed acquisition of all assets and
liabilities of RBH by IJM Corporation Bhd at a total indicative
purchase consideration of approximately RM1.56 billion.

On 10 April 2018, Goh pleaded guilty to 1 charge pursuant to an
application for plea bargaining under section 172C of the CPC.
A total of 9 of the remaining charges were taken into
consideration by the Court.

Goh KH was sentenced to 6 months imprisonment and a fine of
RM1 million, in default 6 months imprisonment.

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