| No. | Nature of Offence | Offender(s) | Facts of Case | Date Charged |
|---|---|---|---|---|
Criminal Prosecution Initiated - Persons charged |
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1. |
Short selling | Kok Choon Hoong | Kok, a dealer's representative of HLG Securities Sdn Bhd, short sold 50 lots of Sunrise Berhad shares. | Kok was charged on 13 May 1999. |
| 2. | Yong Kon Fah @ Yong Kong Fah | Yong, short sold 30 lots of Transocean Holdings Berhad shares. | Yong was charged on 13 May 1999. | |
| 3. | Zairin bin Ismail | Zairin, a dealer's representative of Mayban Securities Sdn Bhd, short sold 20 lots of Transocean Holdings Berhad shares. | Zairin was charged on 2 August 1999. | |
| 4. | Mohd Roslan bin Hamzah | Roslan, a dealer's representative of Mayban Securities Sdn Bhd, short sold 25 Lots Transocean Holdings Berhad shares. | Roslan was charged on 1 November 1999. | |
| 5. | Abu Zaharoff bin Abu Bakar | Abu Zaharoff, the Executive Director of Halim Securities Sdn Bhd, short sold 14 lots of Suremax Group Berhad shares. | Abu Zaharoff was charged on 1 December 1999. | |
| 6. | Syed Ali bin Syed Hamzah | Syed Ali, a remisier with Alor Setar Securities Sdn. Bhd., short sold 600 lots and 283 lots of Isuta Holdings Berhad and Granite Industries Berhad shares, respectively. | Syed Ali was charged on 1 December 1999. | |
| 7. | Voon Chong Kian | Voon short sold 10 lots of Latexx Partners Berhad shares. | Voon was charged on 2 December 1999. | |
| 8. | Yeo Kok Keong | Yeo, a dealer's representative of Jupiter Securities Sdn Bhd short sold 40 lots of Transocean Holdings Berhad shares. | Yew was charged on 2 December 1999. | |
| 9. | Causing the submission of false statement to SC in connection with a corporate proposal | Ishak bin Ismail | Ishak, a director of Idris Hydraulic (M) Berhad (IHMB), was charged on 24 July 1999 for falsely disclosing in IHMB's proposal to the SC that he did not hold any shares in KFC Holdings (M) Bhd (KFC). The information submitted was in connection with a proposal for the acquisition of an asset of KFC by IHMB. |
Ishak was charged on 24 July 1999. |
| 10. | Defrauding clients of an asset management company Criminal breach of trust |
Wan Muhammad Hasni bin Wan Sulaiman | Wan Muhammad Hasni, the Executive Chairman of Abrar Global International Sdn Bhd (AGI), was charged on 24 July 1999, for engaging in an act that operated as a fraud on clients of Abrar Global Asset Management Sdn Bhd (AGAM), a wholly owned subsidiary of AGI, by causing the mis-utilisation of clients' funds totalling RM5 million that was meant for investment purposes.
Wan Muhammad Hasni was also charged in the alternative for criminal breach of trust involving the RM5 million of client funds. |
Wan Muhammad Hasni was charged on 24 July 1999.
Please refer to year 2006's folder for the outcome of the appeal. |
| 11 | Persons who made false statements to the SC and the KLSE | Tiah Thee Kian | Datuk Tiah furnished false statements to the KLSE in respect of his off-market dealings in shares of Omega Holdings Bhd. Datuk Tiah had falsely reported:
|
Tiah was charged on 4 August 1999. |
| 12. | Khoo Poh Kim @ Kimmy | Kimmy Khoo abetted Tiah Thee Kian in a scheme to defraud Omega Securities Sdn Bhd. | Kimmy Khoo was charged on 4 August 1999. | |
| Ng Wu Hong | Ng, the CEO of Sarawak Securities Sdn Bhd (SSSB), was charged for being involved in a scheme to defraud SSSB by creating false collaterals in various margin accounts (phantom shares). The false collaterals were created for the purpose of making cash withdrawals, avoiding margin calls and absorbing purchases in various share-trading accounts. The false collaterals caused SSSB to suffer an exposure of RM36.4 million. | Ng was charged on 11 November 1999. | ||
| Kho Cheng Wei | Kho, a margin clerk with SSSB, was charged for being involved in creating false collaterals in various margin accounts (phantom shares). The false collaterals caused SSSB to suffer an exposure of RM401,000. | Kho was charged on 11 November 1999. | ||
| Lee Sai Lan | Lee, a margin clerk with SSSB, was charged for being involved in creating false collaterals in various margin accounts (phantom shares). The false collaterals caused SSSB to suffer an exposure of RM284,873. | Lee was charged on 11 November 1999. | ||
| 13. | Yeoh Guan Yong | Yeoh, Lau, Lim, Ng, Tan Tiong Kiam and Tan Chuen Hock were engaged in an act which operated as a fraud upon Hwang DBS Securities Sdn Bhd. | Yeoh, Lau, Lim, and Ng were charged on 8 September 1999. Tan Tiong Kiam and Tan Chuen Hock were charged on 1 October 1999. |
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| Lau Seng Khiang | ||||
| Lim Peng Khoon | ||||
| Ng Kin Hong | ||||
| Tan Tiong Kiam | ||||
| Tan Chuen Hock | ||||
| 14. | Market manipulation | Low Thiam Hock | Low, executive chairman of Repco Holdings Berhad (Repco), was charged for manipulating the price of Repco shares. | Low was charged on 18 September 1999. |
| 15. | Utilisation of company proceeds for purposes other than as approved by SC. Causing the submission of misleading information to the SC in connection with a corporate proposal. |
Ong Weng Seng @ Ong Say Lam | Ong, director of Associated Kaolin Industries Berhad (AKI), abetted AKI in misutilising RM30 million of the proceeds raised via AKI's bond issue. The said amount was not utilised in accordance with SC's approval condition. He also caused the submission of misleading information to SC in connection with the utilisation of said bond issue proceeds. |
Ong was charged on 24 December 1999. |
Outcome of Criminal Prosecution - Persons Fined |
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| 1. | Short selling | Kok Choon Hoong | Kok, a dealer's representative of HLG Securities Sdn Bhd, was charged on 13 May 1999 for short selling 50 lots of Sunrise Berhad shares. | Kok pleaded guilty and was convicted on 16 August 1999 of the offence. He was fined RM100,000 (in default 10 months imprisonment). |
| Voon Chong Kian | Voon, was charged on 2 December 1999 for short selling 10 lots of Latexx Partners Berhad shares. | Voon pleaded guilty on 2 December 1999 and was convicted of the offence. He was fined RM10,000 (in default 3 months imprisonment). |
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| Yeo Kok Keong | Yeo, a dealer's representative of Jupiter Securities Sdn Bhd, was charged on 2 December 1999 for short selling 40 lots of Transocean Holdings Berhad shares. | Yeo pleaded guilty on 2 December 1999 and was convicted of the offence. He was fined RM80,000 (in default 6 months imprisonment). |
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