Sessions Court judge Azman Ahmad sentenced Datuk R. Ramesh after finding him guilty of three counts of insider trading while serving as the company’s deputy executive chairman.
Defence lawyer Datuk Chong Loon Meng applied for a stay on both sentences on the grounds that his client has a family to support, failing which, suggested that Ramesh be allowed to pay the fine by instalments of RM100,000 per month.Judge Azman Ahmad allowed the stay for the jail term but dismissed the stay for the fine, ordering the accused to pay the RM9 mil by the end of the day, in default nine months' imprisonment.
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