Cases Compounded In 2010 - Cases Compounded | Securities Commission Malaysia

Cases Compounded In 2010

No.	Nature of Offence	Offender(s)	Facts of Case	Compound
1.	Short selling [s.41(1) of the SIA 1983)	Credit Lyonnais Securities Pte Ltd (Credit Lyonnais) CIMB Securities Sdn Bhd (CIMB Securities)	CIMB Securities, Credit Lyonnais and Ng short sold 141,000 units of Proton Bhd shares.	SC compounded the offence committed by Credit Lyonnais and CIMB Securities for RM1 million each.

Compound offered
No.	Nature of Offence	Offender(s)	Facts of Case	Compound Imposed
2.	Furnishing misleading statement to the stock exchange	Tan Chin Han	Tan Chin Han, the former Chief Executive Officer and Executive Director of Welli Multi Corporation Berhad (WMCB), was charged for knowingly authorised the furnishing of misleading statement in WMCB’s Quarterly report for the financial period ended 30 September 2006 to the Bursa Malaysia Securities Berhad.	Tan Chin Han was charged on 11 March 2009 upon failure to pay compound. The charge against Tan Chin Han was withdrawn on 11 October 2010 after he had paid a compound of RM 100,000.