Ex-bank official jailed and fined for insider trading

According to the stock exchange filing, the project will be close to retail amenities such as Sunway Giza, Sunway Nexis and Ikea Damansara as well as education institutions including Sri KDU and SEGi University, and Thomson Hospital.

PETALING JAYA: A former investment banker, Lim Bun Hwa, has been sentenced to six months jail and fined RM1mil after pleading guilty to five charges of insider trading in the shares of PacificMas Bhd.

The 42-year-old, who was charged under Section 188(2)(a) of the Capital Markets and Services Act 2007, had acquired 145,000 PacificMas shares while in possession of insider information between Dec 18 and Dec 31, 2007.