KUALA LUMPUR: A managing director of a plantation company has been slapped with 53 charges of insider trading involving 2.6 million shares ahead of the company’s privatisation exercise in 2009.
Lei Lin Thai, 76, claimed trial at the Sessions Court to obtaining 2,776,600 units of TH Group Berhad shares through accounts belonging to others while in possession of classified information about the proposed privatisation of the company through a Selective Capital Repayment.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!