Kuala Lumpur, 7 October 2011
Three convicted for failure to give statement to the SC
The Kuala Lumpur Sessions Court today convicted and fined three individuals for failure to provide their statement to the Securities Commission Malaysia (SC) as required under the law.
Normah binti Sapar (Normah), Chong Poh Ying (Chong) and Helen Soon Shiau Yen (Helen) pleaded guilty to charges under section 134(5)(a) of the Securities Commission Act (SCA) for failure to appear before the SC’s Investigating Officer to be examined orally as required under section 134 of the SCA. This is the first time that the SC has pursued an action under this section.
Normah, and Helen, both 37, were Accounts Executives of INIX Technologies Berhad (INIX) at the material time. Chong, 39, was at the material time, the sole proprietor of the company said to be a purported supplier of INIX at the time of the offence was committed. The SC believed that all three individuals would be able to provide evidence concerning fictitious sales recorded by INIX in its accounting records.
Normah was fined RM25,000 for each two offences under Section 134(5)(a) SCA while Helen was fined RM20,000 for the offence under the same section. Chong was fined RM25,000 for the offence.
Last week, at the Kuala Lumpur Sessions Court, Normah had pleaded guilty to abetting Jimmy Tok Soon Guan, the former Chief Executive Officer and Executive Director of INIX for offences under Section 122B of the Securities Industries Act (SIA) and Section 55 SCA for providing false information to Bursa Malaysia Securities Berhad. She was convicted and fined RM150,000 for the offence under SCA and RM50,000 each for the four offences under SIA. The court had also convicted and fined two former directors of INIX, Mok Chin Fan and Cheong Kok Yai, RM125,000 for the same offence under SCA and RM50,000 for each four offences under SIA.
SECURITIES COMMISSION MALAYSIA