Kuala Lumpur, 29 September 2011
Inix former directors convicted and fined for submitting false statements

The Kuala Lumpur Sessions Court today convicted and fined former directors and senior executive of Inix Technologies Berhad (INIX) for submitting false statements to Bursa Malaysia Securities Berhad.

Mok Chin Fan (Mok), Cheong Kok Yai (Cheong) and Normah binti Sapar (Normah) pleaded guilty to charges of providing false statements to the stock exchange in INIX’s fourth quarterly report in 2006. They also pleaded guilty to charges on issuing the prospectus of INIX which contained false information pertaining to INIX’s revenue, for the six month financial period ended 31 January 2005.

Mok, 53, a substantial shareholder and former director of INIX, was fined RM125,000 (in default 1 year imprisonment) for the offence under Section 55 of the Securities Commission Act (SCA) and RM50,000 (in default 6 months imprisonment) each for the four offences under Section 122B of the Securities Industry Act (SIA).

Cheong, 51, who was executive director and Chief Technical Officer of INIX, was fined RM125,000 (in default 1 year imprisonment) for the offence under Section 55 of the SCA and RM50,000 (in default 6 months imprisonment) each for the four offences under Section 122B of the SIA.

Normah, 37, who was an accounts executive of INIX, pleaded guilty to abetting Jimmy Tok Soon Guan (Jimmy), the former Chief Executive Officer and executive director of INIX for the offences, under Section 122B SIA and Section 55 SCA. Normah was fined RM150,000 (in default 1 year imprisonment) for the offence under Section 55 of the SCA and RM50,000 (in default 6 months imprisonment) each for the four offences under Section 122B of the SIA.

Jimmy was also charged with Mok, Cheong and Normah, for the said offences and has since claimed trial. Trial dates with respect to Jimmy Tok have been set on 3 October 2011.

SECURITIES COMMISSION MALAYSIA