Kuala Lumpur, 24 October 2017
SC Charges Director for Failure to Assist in Investigation
Securities Commission Malaysia (SC) today charged an individual for failure to assist in an investigation and provide a statement to the capital market regulator as required under the law.
Chok Chew Lan, 55, a director at Tsunami Capital Sdn Bhd, was charged at the Kuala Lumpur Sessions Court for failing to appear before an investigating officer of SC to be examined orally and to assist in an ongoing investigation. She is said to have committed the offences under section 134(5) of the Securities Commission Malaysia Act 1993 (SCMA) on 5 and 19 September 2017.
Chok claimed trial to charges preferred against her. Sessions Court Judge Hasbullah Adam granted her bail of RM20,000 with one surety, and also ordered her to surrender her passport. The case is fixed for mention on 27 November 2017.
A breach of section 134(5) of the SCMA is punishable with an imprisonment term not exceeding 5 years or a fine not exceeding RM1 million, or both.
SECURITIES COMMISSION MALAYSIA