No.

Nature of Offence

Offender(s)

Facts of Case

Action

OUTCOME OF CRIMINAL PROSECUTION – PERSONS JAILED
1. Dishonest dealers who cheat investors Haron Jambari Haron, a dealer, made a false statement of a material fact to his client, Majlis Agama Islam Wilayah Persekutuan, relating to the purchase of Petronas Dagangan Bhd (PDB transaction) shares.

Haron was also charged and convicted for criminal breach of trust (CBT) in connection with the PDB transaction where RM2 million of Baitumal funds were misappropriated.

Convicted and sentenced to three years’ imprisonment and RM1 million fine (in default two years’ imprisonment). Haron filed an appeal against conviction and sentence. The sentence is stayed pending appeal.
2. Dishonest employees who cheat their employers in share transactions Nik Aziz Nik Mohd Amin Nik Aziz, an accountant in Majlis Agama Islam, abetted Haron Jambari in making the false statement to his employer on the PDB share transaction.

Nik Aziz was also charged and convicted for CBT and corrupt practices in connection with the PDB transaction.

Convicted and sentenced to three years’ imprisonment and fined RM1 million (in default two years’ imprisonment). Nik filed an appeal against his conviction and sentence. The sentence is stayed pending appeal.
3. Persons who defrauded stockbroking companies Ng Wu Hong Ng, the CEO of Sarawak Securities Sdn Bhd, was involved in a scheme to defraud Sarawak Securities by creating false collaterals in various margin accounts. The false collaterals were created for the purpose of making cash withdrawals, avoiding margin calls and absorbing purchases in various share trading accounts (among others). Ng’s actions caused Sarawak Securites to suffer an exposure of RM44 million. Convicted and sentenced to two years’ imprisonment. Ng filed an appeal against his conviction and sentence. The sentence is stayed pending appeal.
Kho Cheng Wei Kho, a margin clerk, was personally involved in creating “phantom shares” to fictitiously increase the margin equity of various margin accounts in Sarawak Securities. Kho’s actions caused Sarawak Securities to suffer a total exposure of RM199,699. Convicted and sentenced to eight months’ imprisonment. Kho appealed against his conviction and sentence. The sentence is stayed pending appeal.
OUTCOME OF CRIMINAL PROSECUTION – PERSONS FINED
4. Persons who made false statements to the SC and the KLSE Datuk Tiah Thee Kian Datuk Tiah furnished false statements to the KLSE in respect of his off-market dealings in shares of Omega Holdings Bhd. Datuk Tiah had falsely reported