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

  • 📰 malaymail
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 86%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Former Indian finance minister Chidambaram arrested in corruption case involving Maxis-Aircel deal | Malay MailNEW DELHI, Aug 22 — Police arrested former Indian finance minister P. Chidambaram late yesterday in relation to alleged corruption and money laundering, a day after the Delhi High Court rejected his application to seek exemption from arrest. Chidambaram was arrested by federal police on a warrant...
Source: malaymail - 🏆 1. / 86 Read more »

Former Indian finance minister Chidambaram arrested in corruption caseThe case revolves around the approval for the acquisition of telecoms firm Aircel Ltd by Malaysia's Maxis Bhd.
Source: malaysiakini - 🏆 20. / 51 Read more »

Former Indian finance minister Chidambaram arrested in corruption caseThe allegations in the case centre around the role of Chidambaram in approving the acquisition of telecoms firm, Aircel Ltd, by Malaysia’s Maxis Bhd. FMTNews
Source: fmtoday - 🏆 5. / 72 Read more »

Former local councillors urge Penang gov't to drop parking company for poor performanceSubang-based HiTech Padu Bhd only managed to install 30 parking lot sensors out of 647 for the Penang Smart Parking project.
Source: malaysiakini - 🏆 20. / 51 Read more »