KUALA LUMPUR: Supermax Corp Bhd group managing director Datuk Seri Stanley Thai Kim Sim (pic) has been sentenced to a five-year jail term and fined RM5mil for insider trading.
This is the first time the courts have handed down a custodial sentence for insider trading after a trial. The only other person to have been found guilty of insider trading in Malaysia history is Kim Hin Industries Bhd managing director Chua Seng Huat in 2001. He pleaded guilty and fined RM1.2mil or jail of 12 months. He paid the fined.