SC files appeal over lawyer's acquittal in Sime Darby insider trading case

KUALA LUMPUR (Jan 22): The Securities Commission Malaysia (SC) has today filed its notice of appeal to the High Court over the Sessions Court's decision last week to acquit lawyer Datuk Sreesanthan Eliathamby of three counts of insider trading of Sime Darby Bhd shares.
In a statement, SC said the Sessions Court acquitted Sreesanthan on Jan 11 at the end of the prosecution's case. 
"On Jan 22 (today), the SC filed an appeal against the decision of the Sessions Court to the High Court," the statement added.
In criminal prosecutions, parties usually have 14 days to file their appeal to the upper courts.
In ordering Sreesanthan's acquittal, Sessions judge Zamri Bakar ruled that the prosecution had failed to establish a prima facie case against the accused.

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