KUALA LUMPUR: The managing partner of an audit firm has been charged at two Sessions Courts here with multiple counts of criminal breach of trust (CBT) involving RM2.4mil worth of funds belonging to an investment company.
The Securities Commission Malaysia has charged Charles Chua Yi Fuan, a former investment banker, for duping four investors to invest in non-existent investment schemes, which resulted in them suffering losses totalling RM76,000 between February and April 2018.
KUALA LUMPUR: Top executives of oil and gas company Serba Dinamik Holdings Bhd, including its CEO Datuk Mohd Abdul Karim Abdullah, have been freed of charges involving offences under the Capital Markets and Services Act (CMSA) 2007.
After paying the RM16 million total in compounds issued by the Securities Commission Malaysia (SC) earlier this week, Serba Dinamik Holdings Bhd and its four top executives are given a discharge and acquittal.
A representation for Serba Dinamik Holdings Bhd, its chief executive officer (CEO) Datuk Mohd Abdul Karim Abdullah and its other top executive officers has been conditionally accepted by the Attorney-General’s Chambers (AGC), the Sessions Courts were told.