| No. | Nature of Offence | Offender(s) | Facts of Case | Date Charged |
|---|---|---|---|---|
Criminal Prosecution Initiated - Persons Charged |
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1. |
Short selling |
Lua Yik Hor | Lua, a dealer’s representative of Seagrott & Campbell Sdn Bhd, was charged on 22 May 1996 for short selling 960 lots of The North Borneo Timbers Berhad shares. | Lua was charged on 22 May 1996. |
| 2. | Chong Kah Kim | Chong short sold 20 lots of Latexx partners Berhad shares. | Chong was charged on 30 October 1996. | |
| 3. | Insider trading | Chua Seng Huat | Chua, Managing Director of Kim Hin Industry Berhad (KHIB), was charged on 20 November 1996 for making improper use of information in relation to the financial performance of KHIB when dealing in the securities of KHIB. | Chua was charged on 20 November 1996. |
| 4. | Making misleading statement | Repco Holdings Berhad (Repco) | Repco made a misleading statement in a material particular in its announcement to the KLSE of its Profit Forecast and Profit Projection for the Years ended 30 June 1996 and 30 June 1997. | Repco was charged on 29 November 1996. |
| Choo Chin Thye | Choo Chin Thye, the Executive Chairman of Repco at Kuala Lumpur was charged for making a misleading statement in Repco's profit forecast and projection for year ending June 1996 and June 1997 respectively. | Choo was charged on 21 October 1996. On 25 August 1997, Prosecution withdrew the charge against Choo. |
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Outcome of Criminal Prosecution - Persons Fined |
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| 1. | Short selling | Chong Kah Kim | Chong was charged on 30 October 1996 for short selling 20 lots of Latexx Partners Berhad shares. | Chong was convicted on 16 December 1996 of the offence. He was fined RM300,000 (in default 2 years imprisonment). |
