| No. | Nature of Offence | Offender(s) | Facts of Case | Date Charged |
|---|---|---|---|---|
Criminal Prosecution Initiated - Persons Charged |
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1. |
Submission of false statement in connection to:
|
Tam Kut Hing | Tam, the Managing Director of P.I. Capital Asset Management Sdn Bhd (P.I. Capital), submitted a false statement in connection with P.I. Capital's application for a Fund Manager's licence. | Tam was charged on 15 April 1998. |
| 2. | Short selling | Mohd Hanapiah bin Abdul Rahman | Mohd Hanapiah short sold 90 lots of Suremax Group Berhad shares. | Phang was charged on 10 July 1998. |
| 3. | Phang Ah Heng @ Phang Ah Hing | Phang short sold 12 lots of Transocean Holdings Berhad shares. | Phang was charged on 10 July 1998. | |
| 4. | Defrauding Issuing House | Fauzi Ismail | Fauzi engaged in an act that operated as a fraud upon Malaysian Issuing House Sdn Bhd between 5 February and 5 March 1997. | Fauzi was charged on 10 November 1998.
On 1 November 1999, Prosecution withdrew the charge against the Accused. |
Outcome of Criminal Prosecution – Persons Fined |
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| 1. | Short selling | Mohd Hanapiah bin Abdul Rahman | Mohd Hanapiah was charged on 1 July 1998 for short selling 90 lots of Suremax Group Berhad shares. | Mohd Hanapiah pleaded guilty and was convicted on 23 November 1998 of the offence. He was fined RM200,000 (in default 12 months imprisonment). |
| Phang Ah Heng @ Phang Ah Hing | Phang was charged on 10 July 1998 for short selling 12 lots of Transocean Holdings Berhad shares. | Phang pleaded guilty and was convicted on 7 December 1998 for the offence of short selling. He was fined RM90,000. |
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