KUALA LUMPUR: The Court of Appeal yesterday upheld the earlier High Court conviction and sentence against Haron Jambari, a former remisier at Arab Malaysian Securities Sdn Bhd, for deceiving the Federal Territory Islamic Religious Council or Majlis Agama Islam Wilayah Persekutuan (MAIWP) in relation to the purchase of Petronas Dagangan Bhd shares in 1994 (PDB shares transaction).
The Securities Commission (SC) in a statement yesterday said Haron was charged under Section 87A of the Securities Industries Act (SIA) for making a false statement to his client, MAIWP.