Former investment banker jailed, fined for insider trading

In a statement issued yesterday, the SC said the Cabinet Special Committee on Anti-Corruption (JKKMAR) had approved its recommendation to require listed companies to put in place anti-corruption measures and a framework to promote the effective discharge of directors

KUALA LUMPUR: The Kuala Lumpur Sessions Court today convicted and sentenced a former investment banker for insider trading in the shares of PacificMas Bhd, the Securities Commission said.

Lim Bun Hwa, 42, was sentenced to six months jail and fined RM1mil after he pleaded guilty today to five charges of insider trading under section 188(2)(a) of the Capital Markets and Services Act 2007.