Two major shareholders of Rexit face jail in Singapore for illegally obtaining personal data


KUALA LUMPUR: Rexit Bhd's two major shareholders were sentenced to jail by a Singaporean court for conspiring with an alleged Chinese cybercriminal to illegally obtain the personal data of over 9,300 individuals.

According to local news reports in Singapore, Datuk Seow Gim Shen, 42, and Kong Chien Hoi, 39, pleaded guilty to one charge each of conspiring with Chinese national Sun Jiao to obtain the personal information of 9,369 individuals.

On Oct 24, Kong and Seow were each sentenced to 14 weeks’ jail.

Seow has a 23.33% stake in Rexit, while Kong holds an 18% stake through his investment company, Metaco Asset Holdings Sdn Bhd.

On Oct 11, Rexit announced the resignation of Seow as its executive chairman, just six weeks after he assumed the role, citing "personal commitments and the growth of his other new business ventures" as the reasons.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Rexit , Seow Gim Shen , Kong Chien Hoi

   

Next In Business News

PNB announces 5.75 sen income distribution for ASB in FY24, highest in five years
Dollar firms as US rates outlook dominates
Surplus will remain the buzzword for oil markets in 2025 despite OPEC+ move
BOJ debated need for caution in raising rates, Oct minutes show
Tuju Setia jumps 18% on RM389mil construction contract
Amicorp Group denies alleged fraud of over US$7bil in 1MDB scandal
FBM KLCI up in early trade, tracking Wall Street gains
Ringgit edges higher against US dollar despite stronger dxy
Trading ideas: Capital A, Tuju Setia, TNB, Coastal Contracts, DNeX, Powerwell, TM, MFM
Wall Street ends higher on gains by most megacaps

Others Also Read