2008

No

Offence

Defendant(s)

Brief facts of the case

1.

Market rigging

Market manipulation

Use of fraudulent scheme and device in connection with the purchase or sale of securities

Acting as an investment adviser/investment representative without licence
Aeneas Capital Management, L.P.
Thomas R. Grossman
Richard Cohen
John Suglia
Priam Holdings Ltd
Aeneas Evolution Portfolio, Ltd.
Aeneas Portfolio Company, L.P.
Acadian Worldwide Inc.
Tan Mong Sing,
Dato’ Low Thiam Hock

On 9 April 2008, SC filed a civil suit against 8 foreign defendants and 2 local individuals. SC is seeking:

Declaration that all the defendants conspired to manipulate the market and share price of Iris, and defrauded investors;
Declaration that all profits earned by the defendants are held in constructive trust for the benefit of the affected investors;
Orders that all the assets and properties of each of the defendants be traced and followed, and then paid to the SC for the purpose of compensating the affected investors;
Permanent injunction to restrain each of the defendants from trading in Iris shares;
Permanent injunction to restrain each of the defendants from trading in any counter on Bursa Malaysia or MESDAQ; and
General and exemplary damages.

Attachments:

Writ of Summons (pdf – 720KB)
Supporting Affidavit (1.2MB)