| No. | Nature of Offence | Offender(s) | Facts of Case | Date Charged |
|---|---|---|---|---|
Criminal Prosecution Initiated - Persons Charged |
||||
1. |
Short selling |
Mustapha bin Ibrahim | Mustapha was charged for short selling 10 lots of Union Paper Holdings Berhad (UPHB) shares. | Mustapha was charged on 17 September 1993. |
| 2. | Yap Swee Yow | Yap, a remisier, was charged on 21 September 1993 for short selling 20 lots of Union Paper Holdings Berhad shares. | Yap was charged on 21 September 1993. | |
| 3. | Koay Chee Hin | Koay was charged on 28 September 1993 for short selling 6 lots of Union Paper Holdings Berhad shares. | Koay was charged on 28 September 1993. | |
| 4. | Ho Tong Leong | Ho was charged on 28 September 1993 for short selling 2 lots of Union Paper Holdings Berhad shares. | Ho was charged on 28 September 1993. | |
| 5. | Wong Hua Seh | Wong was charged on 30 September 1993 for short selling 3 lots of Union Paper Holdings Berhad shares. | Wong was charged on 30 September 1993. | |
Outcome of Criminal Prosecution - Persons Fined |
||||
| 1. | Short selling | Mustapha bin Ibrahim | Mustapha was charged on 17 September 1993 for short selling 10 lots of Union Paper Holdings Berhad (UPHB) shares. | Mustapha pleaded guilty and was convicted on 27 September 1993 of the offence.
He was fined RM90,000 (in default 9 months imprisonment). |
| 2. | Yap Swee Yow | Yap, a remisier, was charged on 21 September 1993 for short selling 20 lots of UPHB shares. | Yap pleaded guilty and was convicted on 21 September 1993 of the offence.
He was fined RM100,000 (in default 6 months imprisonment). |
|
| 3. | Koay Chee Hin | Koay was charged on 28 September 1993 for short selling 6 lots of UPHB shares. | Koay pleaded guilty and was convicted on 28 September 1993 of the offence.
He was fined RM40,000 (in default 6 months imprisonment). |
|
| 4. | Ho Tong Leong | Ho was charged on 28 September 1993 for short selling 2 lots of UPHB shares. | Ho pleaded guilty and was convicted on 28 September 1993 of the offence.
He was fined RM10,000 (in default 2 months imprisonment). |
|
| 5. | Wong Hua Seh | Wong was charged on 30 September 1993 for short selling 3 lots of UPHB shares. | Wong pleaded guilty and was convicted on 30 September 1993 of the offence.
He was fined RM12,500 (in default 3 months imprisonment). |
|
