Rosland was charged with 1 charge of causing the furnishing of a false statement relating to the revenue of Sarawak Consolidated Industries Berhad (SCIB) to Bursa Malaysia Securities Berhad (Bursa Malaysia).

The charge which was preferred under section 369(b)(B) of the Capital Markets and Services Act 2007 (CMSA) and punishable under section 369 of the same Act was in relation to SCIB’s unaudited Interim Financial Report on Consolidated Results for the Quarter Ended 30 June 2021. The financial results were furnished by SCIB to Bursa Malaysia on 30 September 2021.

Rosland, who at the time of the commission of the offence was a director of SCIB, is deemed to have committed the offence under section 367(1) of the CMSA.

Carrying on a business in a regulated activity without holding a Capital Markets Services Licence (CMSL) or being a registered person.

AUF MBZ Consortium PLT was charged with one (1) charge under section 58(1) of the Capital Markets and Services Act 2007 (“CMSA”) in relation to its conduct of carrying on a business in the regulated activity of dealing in securities without holding a CMSL or being a registered person.

The offences occurred between 14 June 2021 to 9 August 2023 in Selangor.

Carrying on a business in a regulated activity without holding a Capital Markets Services Licence (CMSL) or being a registered person.

AUF MBZ Consortium PLT was charged with one (1) charge under section 58(1) of the Capital Markets and Services Act 2007 (“CMSA”) in relation to its conduct of carrying on a business in the regulated activity of dealing in securities without holding a CMSL or being a registered person.

The offences occurred between 3 September 2021 to 15 February 2024 in Selangor.

Carrying on a business in a regulated activity without holding a Capital Markets Services Licence (CMSL) or being a registered person.

Mahadi was charged with one (1) charge under section 58(1) read together with section 367(1) of the Capital Markets and Services Act 2007 (“CMSA”) in relation to AUF MBZ Consortium PLT’s (“AUF MBZ”) conduct of carrying on a business in the regulated activity of dealing in securities without holding a CMSL or being a registered person for dealing in securities.

Pursuant to section 367(1) CMSA, Mahadi in his capacity as AUF MBZ’s representative at the material time, is deemed to have committed the offence under section 58(1) CMSA, which occurred between 14 June 2021 to 9 August 2023 in Selangor.

Carrying on a business in a regulated activity without holding a Capital Markets Services Licence (CMSL) or being a registered person.

Mahadi was charged one (1) charge under section 58(1) read together with section 367(1) of the Capital Markets and Services Act 2007 (“CMSA”) in relation to AUF MBZ Consortium PLT’s (“AUF MBZ”) conduct of carrying on a business in the regulated activity of dealing in securities without holding a CMSL or being a registered person for dealing in securities.

Pursuant to section 367(1) CMSA, Mahadi in his capacity as AUF MBZ’s representative at the material time, is deemed to have committed the offence under section 58(1) CMSA, which occurred between 3 September 2021 to 15 February 2024 in Selangor.

Abetment of the carrying on of a business in a regulated activity without holding a Capital Markets Services Licence (CMSL) or being a registered person.

Daud Bakar was charged with one (1) charge under section 58(1) of the Capital Markets and Services Act 2007 (“CMSA”) read together with section 370(c) and section 367(1) CMSA pertaining to Energy Eco Berhad’s (“EEB”) act of abetting AUF MBZ in carrying on a business in the regulated activity of dealing in securities without holding a CMSL or being a registered person for dealing in securities.

Pursuant to section 367(1) CMSA, Daud Bakar in his capacity as EEB’s representative at the material time, is deemed to have committed the offence under section 58(1) CMSA, which occurred between 14 June 2021 to 9 August 2023 in Selangor.

Abetment of the carrying on of a business in a regulated activity without holding a Capital Markets Services Licence (CMSL) or being a registered person.

Iqbal was charged with one (1) charge under section 58(1) of the Capital Markets and Services Act 2007 (“CMSA”) read together with section 370(c) and section 367(1) CMSA pertaining to QEW Group Berhad’s (“QGB”) act of abetting AUF MBZ in carrying on a business in the regulated activity of dealing in securities without holding a CMSL or being a registered person for dealing in securities.

Pursuant to section 367(1) CMSA, Iqbal in his capacity as QGB’s director at the material time, is deemed to have committed the offence under section 58(1) CMSA, which occurred between 3 September 2021 to 15 February 2024 in Selangor.

Causing wrongful loss to a listed corporation or any of its related corporations

Liew, formerly Chief Executive Officer and Non-Independent Non-Executive Chairman of Khee San Berhad (“Khee San”) was charged with 11 charges under s.317A(1) of the Capital Markets and Services Act 2007 for causing wrongful loss to Khee San Food Industries Sdn Bhd (“KSFI”), a subsidiary of Khee San. He is alleged to have cancelled 25 loan agreements given by KSFI to 11 individuals amounting to RM7,119,465.00, with the intention of causing wrongful loss to KSFI.

The offences occurred in 2019.

Liew was charged in the Kuala Lumpur Sessions Court on 5 January 2026.

Azhidi was charged with 9 counts of derivatives fraud under section 206(b) of the Capital Markets and Services Act 2007.

He is alleged to have engaged in an act which operated as a deception upon 9 investors who suffered losses amounting to RM1.45 million.
Azhidi allegedly represented to the investors a purported investment in futures crude palm oil which in fact did not exist, and thereby caused them to deposit monies into the “Client Segregated Accounts” held by AmFutures Sdn Bhd. The monies deposited by the investors were instead used by Azhidi to purchase derivatives in accounts belonging to other individuals not connected to the investors.

The offences took place between May 2013 and March 2014.

Azhidi was charged in the Kuala Lumpur Sessions Court on 14 February 2022.
On 7 August 2025, Azhidi pleaded guilty to all 9 charges and was sentenced to 2 years imprisonment and a fine of RM1 million in default 3 months imprisonment for each charge. The court ordered for the imprisonment terms to run concurrently, with effect from the date of revocation of Azhidi’s bail on 21 May 2024.

On 15 August 2025, the Public Prosecutor appealed to the High Court against the sentence imposed.

Upon assessment of the Sessions Court judge’s grounds of judgment, the appeals were withdrawn on 11 February 2026 upon receiving the Public Prosecutor’s concurrence.

Su was charged on 5 July 2017 at the Kuala Lumpur Sessions Court.

On 12 December 2022, after a full trial, the court found that Su failed to raise a reasonable doubt in the prosecution’s case and proceeded to convict him on both charges. Su was sentenced to one year imprisonment and a fine of RM1 million (in default, a further one year imprisonment) for each charge. The court ordered for the imprisonment term for both charges to be served concurrently.

Following the decision of the Sessions Court, Su filed an appeal against his conviction and sentence to the High Court.

On 20 February 2026, the High Court dismissed Su’s appeal and affirmed the conviction and sentences imposed by the Sessions Court. The High Court also allowed Su’s application for a stay of execution of both the imprisonment and fine pending the disposal of his final appeal to the Court of Appeal.

Yap was charged on 5 July 2017 at the Kuala Lumpur Sessions Court.

On 12 December 2022, after a full trial, the court found that Yap failed to raise a reasonable doubt in the prosecution’s case and proceeded to convict him on both charges. Yap was sentenced Yap to one year imprisonment and a fine of RM1 million (in default, a further one year imprisonment) for each charge. The court ordered for the imprisonment term for both charges to be served concurrently.

Following the decision of the Sessions Court, Yap filed an appeal against his conviction and sentence to the High Court.

On 20 February 2026, the High Court dismissed Yap’s appeal and affirmed the conviction and sentences imposed by the Sessions Court. The High Court also allowed Yap’s application for a stay of execution of both the imprisonment and fine pending the disposal of his final appeal to the Court of Appeal.

On 29 April 2015, Ramesh was charged at the Kuala Lumpur Sessions Court with three (3) counts of insider trading under s.188(2)(a) of the Capital Markets and Services Act 2007.

In the first charge, he was alleged to have disposed 5,000,000 MMM shares on 11 January 2010, while in possession of material inside information relating to the proposed downgrade by Malaysian Rating Corporation Berhad of its credit rating on MMM's RM120 million Al-Bai' Bithaman Ajil Islamic Debt Securities from A-ID to BB+ID.

In the second and third charges, he was alleged to have disposed a total of 5,200,800 MMM shares on 19 and 22 February 2010, while in possession of material inside information relating to the classification of MMM as a PN17 company.  

Ramesh was charged on 29 April 2015 with three counts of insider trading.

On 11 September 2019, the Sessions Court found Ramesh guilty on all counts. Ramesh was sentenced to 5 years imprisonment and a fine of RM3 million (in default 3 years imprisonment) for each charge. The jail terms were ordered to run concurrently.

On 20 May 2021, the High Court allowed Ramesh’s appeal and set aside his conviction and sentence for all 3 charges.

An appeal to the Court of Appeal was filed by the Public Prosecutor.

On 11 December 2023, the SC with the consent of the Public Prosecutor, decided not to pursue its appeal at the Court of Appeal in respect of the second and third charges.

On 6 May 2024, the Court of Appeal allowed the Public Prosecutor’s appeal, set aside the High Court decision, and restored the conviction by the Sessions Court on the first charge. The Court further ordered that the case be remitted to the High Court to be heard before a new judge on its merits.

On 23 January 2026, the High Court allowed Ramesh’s appeal and set aside his conviction and sentence in respect of the first charge.

An appeal to the Court of Appeal has been filed by the Public Prosecutor on 28 January 2026.