SC acts against five people over RM121mil scheme


PETALING JAYA: The Securities Commission (SC) has filed a civil suit against five individuals who allegedly perpetrated a scheme to defraud and/or causing wrongful losses totalling RM120.6mil from four public listed companies.

The capital market regulator named Tey Por Yee, Lim Chye Guan, See Poh Yee, Francis Tan Hock Leong and Faizatul Ikmi Abdul Razak for the alleged crime involving Nexgram Holdings Bhd, R&A Telecommunication Group Bhd, Asdion Bhd and Ire-Tex Corp Bhd.

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Securities Commission , SC , defraud , PLCs

   

Next In Business News

Colform aims to rise RM41.19mil from IPO to fund expansion plans
Affin Bank targets 146 branches by end-2025
Country Garden overdue results show steep losses amid sector's sales slump
Sunway to leverage SEZ, healthcare for growth catalysts
Potential impact from US AI chip restrictions to be minimal for Malaysian contractors - CIMB
Global uncertainties push ringgit to open higher against US$
FBM KLCI finds its footing with positive start
Trading ideas: Yinson, Mah Sing, YTL Power, Kawan, Theta, Target I, AYS, Atlan, Sunway Property, CapitaLand, Oriental Kopi
Oil prices slip on US energy demand forecast
S&P 500 edges higher, Nasdaq dips in choppy session

Others Also Read