No.

Nature of Offence

Offender(s)

Facts of Case

Compound

1.

Person who opened CDS accounts using a different name and identity card to facilitate their personal share trading activities Lim Yee Teck Lim, the Director of The Ayer Hitam Planting Syndicate Bhd, opened a CDS account at PB Securities Sdn Bhd using another person’s name to facilitate his personal share trading activities.
He was in fact the beneficial owner of the account.
Lim was compounded RM150,000 for the offence.
2. Disclosure of false information to the SC Tan Sri Datuk Dr Mohan a/l M.K. Swami Tan Sri Datuk Dr Mohan, Executive Chairman of Chase Perdana Bhd (CPB), had falsely disclosed he did not hold any shares in CPB in CPB’s proposal to the SC dated 22 August 1998. Tan Sri Datuk Dr Mohan was compounded RM1 million for the offence.

As a result of the compound the charge was withdrawn.

3.

Providing investment advice without a licence CG Asset Management Sdn Bhd CG Asset Management Sdn Bhd had illegally provided investment advice to its clients when it was not licensed to provide investment advice. CG Asset Management Sdn Bhd was compounded RM50,000 for the offence.
4.

Utilisation of company proceeds for purposes other than those approved by the SC Datuk Ishak Ismail Datuk Ishak, Director of Idris Hydraulic (M) Bhd (IHMB), abetted IHMB in misutilising RM50 million of the proceeds raised from the disposal of Kewangan Bersatu Bhd. The said amount was used for purposes other than those approved by the SC. Datuk Ishak was compounded RM400,000 for the offence. As a result of the compound, the charge was withdrawn.
5.

Providing misleading information to the SC Chan Poh Kim Chan, Managing Director of Harrisons Holdings (M) Bhd, caused misleading information in relation to the shareholding structure of Harrisons to be submitted to the SC when he failed to disclose fully the shares held by a foreign company called Bumiraya International Holding Company Limited. Chan was compounded RM250,000 for the offence.
Pandjijono Adijanto Pandjijono, Chairman of Harrisons Holdings (M) Bhd, caused misleading information in relation to the shareholding structure of Harrisons to be submitted to the SC when he failed to disclose fully the shares held by a foreign company called Bumiraya International Holding Company Limited. Pandjijono was compounded RM150,000 for the offence.
6.

Failure to inform the SC that information submitted may be misleading Tan Hock Keng Tan, the Executive Chairman of Pilecon Engineering Bhd, upon becoming aware that information relating to the directors’ recommendation to extend the expiration date of the warrants that was provided to the SC may be misleading, failed to inform the SC. Tan was compounded RM1 million for the offence. As a result of the compound, the charge was withdrawn.