No. | Nature of Offence | Defendant(s) | Brief Facts of the Case | Outcome |
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Outcome of Civil Action Taken |
1. | Causing wrongful loss to a listed corporation [section 317A of the Capital Markets and Services Act 2007 (“CMSA”)] |
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On 17 August 2023, the SC filed a civil suit against Law Siew Ngoh, Robert Daniel Tan Kim Leng, Ng Back Heang and Yap Wee Hin (“the Defendants”) for breach of section 317A of the CMSA. The SC sought among others:
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On 20 September 2023, parties agreed to settle the suit by way of entering into a consent judgment on among others the following terms:
Previously, the Defendants faced criminal charges relating to the same transaction. The criminal charges against them were discontinued upon the instructions of the Attorney General’s Chambers on 1 November 2023 following the entering of this Consent Judgment and full payment by the Defendants. The details of the criminal enforcement action can be found in the link below :
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2. | Insider trading |
Toh Kai Fatt |
On 13 September 2021, a civil action was initiated against Toh Kai Fatt (“Toh”) for insider trading, a breach under section 188(2) of the Capital Markets and Services Act 2007 (“CMSA”). The SC sought, among others, the following:
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On 13 April 2023, the Kuala Lumpur High Court declared in favour of the SC against Toh Kai Fatt. The High Court granted the following reliefs to the SC:
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