Repco Low sentencing postponed

KUALA LUMPUR: Low Thiam Hock, better known as “Repco Low” in stock market circles, will need to wait until next month to know his fate after he was found guilty by the Kuala Lumpur Sessions Court for manipulating Repco Holdings Bhd shares.

The court, which was supposed to read Low’s sentence yesterday, instead postponed it to Feb 15.

Low’s lawyer, Edmund Bon, was absent at court and the counsel who appeared in his absence, Tan Sri Muhammad Shafee Abdullah, claimed that Bon was suffering from a prolonged illness and was “bedridden” for the time being.

Sessions Court judge Mat Ghani Abdullah said Feb 15 would be the last time the case would be adjourned. Meanwhile, Low, who was present, was actually all smiles and did not appear like a person awaiting a sentence.

On Jan 11, Low, 53, was found guilty under Section 84(1) of the Securities Industry Act 1983 (SIA), which carries a minimum fine of RM1mil and maximum jail term of up to 10 years.

Low was charged by the Securities Commission in the Sessions Court on Sept 18, 1999.