KUALA LUMPUR (Bernama) -- The High Court has found that the Securities Commision Malaysia (SC) had successfully proven its claim in a civil suit against Datuk Sreesanthan Eliathamby, 60, for insider trading.
SC said High Court judge Azizul Azmi Adnan found that Sreesanthan had breached Section 89E(2)(a) of the Securities Industry Act 1983 when he acquired a total of 600,000 shares of Worldwide Holdings Bhd (Worldwide) between June 7, 2006 and July 11, 2006 while in possession of material non-public information.
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