Page 204 - 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
Dato’ Lim KC, Tay HC and Theng BC were charged in the Sessions
Court on 24 November 2015. On 30 April 2018, the Sessions
Court acquitted and discharged Dato’ Lim KC, Tay HC and Theng
BC without calling for their defence to be entered on the charges
against them.

On 3 May 2018, the Prosecution filed an appeal to the High Court
against the acquittal.

13. Failing to appear Chok Chew Lan Chok CL was charged with 2 counts of failing to appear before
before an SC (Chok CL) an SC Investigating Officer to be examined orally on 5 September
Investigating Officer 2017 and 19 September 2017 under section 134(5) of the SCMA.
in connection with
an investigation Chok CL was charged at the Kuala Lumpur Sessions Court on 24
October 2017.

On 30 July 2018, Chok CL pleaded guilty to all charges and
was sentenced to a fine of RM35,000 (in default, 3 months
imprisonment) for each charge.
14. Insider trading Tan Bee Hong Tan BH was charged with insider trading under s188(2)(a) CMSA
(Tan BH) as she was alleged to have disposed of 350,000 units of APL
Industries Bhd (APLI) shares on 31 October 2007 while in
possession of inside information in relation to the audit adjustments
proposed by APLI’s auditors which would result in APLI reporting a
higher loss for the financial year ended 30 June 2007, as
compared to the previously reported unaudited 4 quarter results
th
for the same financial year and that APLI would be classified as an
affected issuer pursuant to the Listing Requirements of Bursa
Malaysia Securities Bhd and Practice Note 17/2005.

Tan BH was charged at the Kuala Lumpur Sessions Court on 15
December 2014.

On 9 August 2018, Tan BH was convicted by the Sessions Court
and was sentenced to 5 years imprisonment and a fine of
RM7 million.

194 | PART 5 »» STATEMENTS, STATiSTiCS ANd ACTiviTiES

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