Former company director gets jail, fined RM1m for insider trading | Malay Mail

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Former company director gets jail, fined RM1m for insider trading

Judge Syed Faisal Syed Amir meted out the sentence on Fong Chiew Hean, after he changed his plea to guilty during the trial proceedings today. — Reuters pic

Judge Syed Faisal Syed Amir meted out the sentence on Fong Chiew Hean, 83, after he changed his plea to guilty during the trial proceedings today.Fong was charged with nine counts of illicitly acquiring 891,000 share units in the company through the accounts of two individuals, while in possession of confidential information on a proposed merger of two companies Three-A Resources Berhad and Wilmar International Limited, which could influence the price of the share units.

 

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