SC menang saman, 5 individu diperintah bayar RM103.75 juta
Mereka didakwa terlibat dalam skim penipuan sehingga menyebabkan kerugian kepada empat syarikat tersenarai awam berjumlah RM120.6 juta.
Suruhanjaya Sekuriti Malaysia (SC) successfully prosecuted and convicted five individuals for their involvement in a RM120.6 million fraud scheme. The individuals, Tey Por Yee, Lim Chye Guan, See Poh Yee, Francis Tan Hock Leong, and Faizatul Ikmi Abdul Razak, along with their respective companies Nexgram Holdings Bhd, R&A Telecommunication Group Bhd, Asdion Bhd, and Ire-Tex Corporation Bhd, were found guilty by the Malaysian High Court.
The court ordered the defendants to pay RM103.75 million in restitution to the affected companies, with each defendant facing various fines and penalties for their role in the fraud. Furthermore, the defendants were banned from managing the affairs of any listed company for ten years and ordered to pay RM500,000 in legal fees. This decision reinforces the accountability of corporate officers and managers in managing listed companies.
Written by urgent.news from Free Malaysia Today's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 1 other outlet
- SC menang saman, 5 individu diperintah bayar RM103.75 juta freemalaysiatoday.com
