Datuk Abdul Malek Yusof, Noor Aida Abdullah, and Raja Samsul Bahri Raja Muhammad were initially charged on June 1,2016 for abetting to issue and offer 6,951,921 units of shares of Astana Resources Bhd, formerly known as JPG Holdings Bhd.
Judge Hasbullah, in reading his judgment, said that that there was doubt in the need for JPG Holdings, as an unlisted company, to register is prospectus with SC before it offered and issued shares to the public.Abdul Malek, 45, and Noor Aida, 46, were former directors of JPG Holdings while Raja Samsul, 50, was the company's former chief executive officer.
When met outside the court, Chong said that the decision reached by the court was"very important", as it is the only case in the country to have interpreted Section 232 of the CMSA 2007.