Kuala Lumpur, 23 September 2010
INIX Tech directors face charges for providing false information
The Securities Commission Malaysia (SC) today charged 3 directors and a senior finance executive of INIX Technologies Berhad (INIX) for knowingly authorising the furnishing of false statements to Bursa Malaysia Securities Berhad and providing false information to Bursa Malaysia.
Four charges under section 122B(b)(bb) Securities Industry Act 1983 (SIA) were preferred against Jimmy Tok Soon Guan, Mok Chin Fan, Cheong Kok Yai and Normah binti Sapar in relation to false statements in INIX’s four quarterly reports on the unaudited consolidated results for the financial year ended 31 July 2006. The four were further charged under section 55(1)(a) Securities Commission Act 1993 (SCA) in relation to a false statement pertaining to the revenue contained in INIX’s Prospectus dated 29 July 2005. If convicted they will be liable to a fine nor exceeding RM3 million and imprisonment for a term not exceeding 10 years or both for each charge.
In addition to the charges mentioned above, Normah was also charged under section 134 (5) of the Securities Commission Act 1993 for failure to provide evidence to the SC as required under the law. Helen Soon Shiau Yen, a former accounts clerk with INIX, was also charged with the same offence. If convicted they will be liable to a fine nor exceeding RM1 million and imprisonment for a term not exceeding 5 years or both.
Jimmy was released on bail of RM100,000, while Mok and Cheong were granted bail of RM80,000 each. Normah and Helen were granted bail of RM60,000 and RM40,000 respectively.
Sessions Court Judge Jagjit Singh a/l Bant Singh further ordered that the international passports of the five accused persons be surrendered to the Court. The case is fixed for mention on 29 October 2010.
SECURITIES COMMISSION MALAYSIA