Securities Commission sues ‘Datuk’ over alleged market rigging

LRT3 works to enhance Klang Valley public transport to affect PJ roads between 11pm and 5am from July to end of Sept

All you need to know about: Selangor FC’s fine, why the Sultan is angry and which Aduns back the club In the claim filed on June 24, the SC alleged that Datuk Yu Kuan Chon had engaged in manipulative activities in the trading of Shang shares, and that Yu’s trading activities were in breach of Sections 175 and/or 176 of the Capital Markets and Services Act 2007. — Picture by Shafwan ZaidonKUALA LUMPUR, June 26 — The Securities Commission recently filed a civil suit against Datuk Yu Kuan Chon for market rigging and manipulation breaches involving shares in Shangri-La Hotels Bhd .

“Yu allegedly traded and transacted in Shang shares using 15 Central Depository System accounts during the material period.

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