Court of Appeal upholds SC law to be Constitutional

Justice Datuk Tengku Maimun Tuan Mat, in delivering the decision of the Court of Appeal stated that the section did not violate the Federal Constitution. 

Transmile Group Bhd's (TGB) former chief executive officer and executive director Gan Boon Aun and Khiuddin Mohd, were charged in 2007 for abetting Transmile in making a misleading statement relating to TGB’s revenue in the company’s unaudited results for the financial year ended Dec 31, 2006 under section 86(b) read together with section 122C(c) of the Securities Industry Act 1983 (SIA).