1.

Person who opened CDS accounts using a different name and identity card to facilitate their personal share trading activities

Lim Yee Teck

Lim, the Director of The Ayer Hitam Planting Syndicate Bhd, opened a CDS account at PB Securities Sdn Bhd using another person’s name to facilitate his personal share trading activities.
He was in fact the beneficial owner of the account.

SC compounded the offence committed by Lim for RM150,000.

Disclosure of false information to the SC

Tan Sri Datuk Dr Mohan a/l M.K. Swami

Tan Sri Datuk Dr Mohan, Executive Chairman of Chase Perdana Bhd (CPB), had falsely disclosed he did not hold any shares in CPB in CPB’s proposal to the SC dated 22 August 1998.

SC compounded the offence committed by Tan Sri Datuk Dr Mohan  for RM1 million.
As a result of the compound the charge was withdrawn.

Providing investment advice without a licence

CG Asset Management Sdn Bhd

CG Asset Management Sdn Bhd had illegally provided investment advice to its clients when it was not licensed to provide investment advice.

SC compounded the offence committed by CG Asset Management Sdn Bhd for RM50,000.

Utilisation of company proceeds for purposes other than those approved by the SC

Datuk Ishak Ismail

Datuk Ishak, Director of Idris Hydraulic (M) Bhd (IHMB), abetted IHMB in misutilising RM50 million of the proceeds raised from the disposal of Kewangan Bersatu Bhd. The said amount was used for purposes other than those approved by the SC.

SC compounded the offence committed by Datuk Ishak for RM400,000.
As a result of the compound, the charge was withdrawn.

Chan Poh Kim

Chan, Managing Director of Harrisons Holdings (M) Bhd, caused misleading information in relation to the shareholding structure of Harrisons to be submitted to the SC when he failed to disclose fully the shares held by a foreign company called Bumiraya International Holding Company Limited.

SC compounded the offence committed Chan for RM250,000.

Pandjijono Adijanto

Pandjijono, Chairman of Harrisons Holdings (M) Bhd, caused misleading information in relation to the shareholding structure of Harrisons to be submitted to the SC when he failed to disclose fully the shares held by a foreign company called Bumiraya International Holding Company Limited.

SC compounded the offence committed by Pandjijono for RM150,000.

Failure to inform the SC that information submitted may be misleading

Tan Hock Keng

Tan, the Executive Chairman of Pilecon Engineering Bhd, upon becoming aware that information relating to the directors’ recommendation to extend the expiration date of the warrants that was provided to the SC may be misleading, failed to inform the SC.

SC compounded the offence committed by Tan for RM1 million.
As a result of the compound, the charge was withdrawn.