The Kuala Lumpur Sessions Court announced the verdict yesterday and sentenced Gan to a fine of RM2.5mil (in default of 18 months’ imprisonment) and one day imprisonment.
PETALING JAYA: Transmile Group Bhd (TGB) founder and former chief executive officer (CEO) Gan Boon Aun has been found guilty of furnishing misleading statements to Bursa Malaysia.
The statements concerned TGB’s financial statement in its quarterly unaudited consolidated results for the financial year ended Dec 31,2006, an offence under section 122B (a)(bb) of the Securities Industries Act 1983 (SIA) read together with section 122(1) of the same Act.In a statement, the Securities Commission (SC) said the Kuala Lumpur Sessions Court announced the verdict yesterday and sentenced Gan to a fine of RM2.5mil (in default of 18 months’ imprisonment) and one day imprisonment.
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