Goh, 54, was charged at the Kuala Lumpur Sessions Court for acquiring 150,000 units of Karex shares on 22 July 2020 whilst in possession of material non-public information in relation to the company’s intention to venture into the manufacturing and sale of gloves.

Goh claimed trial before Sessions Court Judge Tuan Izralizam bin Sanusi and was granted bail at RM90,000 with two local sureties. Goh was also ordered to surrender his passport to court and to report to the SC’s Investigating Officer on a monthly basis until the completion of the trial as additional bail conditions.

If convicted, Goh faces imprisonment for a term not exceeding 10 years and a fine of not less than RM1 million.

The SC was represented by Deputy Public Prosecutors Ng Chian Huey and Izzat Fauzan, and Prosecuting Officer Mark Rohan Mahadevan whilst Goh was represented by defence counsel Wong Chiang Kiat.

The SC views insider trading as a serious offence and will continue to take firm enforcement action to safeguard market integrity and investor confidence.