Kuala Lumpur, 22 April 2015
Former CEO of Inix Technologies Jailed for Submitting False Statements
The Court of Appeal today imposed a total of 45 months imprisonment on Jimmy Tok Soon Guan, the former CEO of Inix Technologies Holdings Berhad (Inix).
Jimmy, 45, was charged in the Sessions Court in 2011 with one count of providing false information in the company’s prospectus under Section 55 of the Securities Commission Act (SCA) and four counts of submitting false statements to Bursa Malaysia Securities Berhad in the company’s quarterly reports between October 2005 and July 2006 under Section 122B of the Securities Industry Act (SIA).
Jimmy pleaded guilty to the charges and was fined a total of RM1.1 million by the Sessions Court in 2011.
The Court of Appeal today allowed the SC’s appeal by imposing the imprisonment term against Jimmy in addition to the fine earlier imposed by the Sessions Court.
Jimmy was sentenced to a total of 45 months imprisonment, whereby he was imposed with nine months jail term for each charge.The court ordered the jail term for the four charges under Section 122B to be served concurrently.
Jimmy was charged together with two former directors of Inix, namely Mok Chin Fan (Mok), 57, and Cheong Kok Yai (Cheong), 55 and former account executive of the company, Normah Bt Sapar (Normah), 41.
The Court of Appeal also allowed the prosecution’s appeal against the three individuals named above. Mok and Cheong were given a total of 30 months imprisonment for the same offences whereas Normah received 30 months imprisonment for abetting Jimmy. Mok and Cheong had previously pleaded guilty at the Sessions Court and were fined RM325,000 each while Normah was fined RM350,000.
SECURITIES COMMISSION MALAYSIA