Both offences are punishable under section 88B SIA and are liable upon conviction to a fine of not less than RM1 million and to imprisonment for a term not exceeding 10 years.

Joanne Hiew, who was a remisier at Avenue Securities Sdn Bhd at the material time, was charged for abetting Chin Chan Leong in respect of both the offences.

Deputy Public Prosecutors Abang Iskandar Abang Hashim, Foo Lee Mei and Vicky Wong Wai Khuen appeared for the prosecution.

The application by counsel for Chin Chan Leong to be released on bail was opposed on grounds that there is evidence to show that he had approached and coached witnesses during the SC's investigation.

The Court granted Chin Chan Leong bail at RM1 million with one surety, and with the following conditions:

1. all travel documents be surrendered to court; and
2. bail would be revoked by the Court if there is evidence that Chin Chan Leong continues to approach prosecution witnesses.

With respect to Joanne Hiew, the Court granted bail of RM200,000 with one surety and with the following conditions:

1. all travel documents be surrendered to court; and
2. Joanne Hiew is to state and furnish to the Court her permanent address of residence where she is to be located.

Oversight by the SC of the capital market involves a continuous process of supervision, surveillance and enforcement, and when there is sufficient evidence from investigations, relevant action will be taken.

The SC also reminds all market participants that they have a fundamental role in upholding the integrity of the market, and the SC expects all market intermediaries to ensure appropriate internal controls, due diligence and risk management.