First Criminal Conviction Against a Market Manipulator
The SC obtained its first conviction for market manipulation when Puniyamurti a/l Perianan pleaded guilty and was sentenced to a fine of RM3 million.
Conviction for Securities Fraud
The High Court has reversed the decision of the Sessions Court and acquitted Wan Muhammad Hasni.
The Public Prosecutor has appealed to the Court of Appeal against the decision of the High Court.
Conviction for Operating Illegal Spot Commodity and Spot Index Trading Firms
The SC obtained convictions in three cases against four individuals for operating illegal spot commodity and spot index-trading firms. There were sentenced to a fine of between RM20,000 – RM300,000.
Offences Compounded
The SC compounded the offences in five cases and imposed a fine of between RM50,000 and RM1 million.
