Former Megan chairman jailed 18 months

Megan Media Holdings

PETALING JAYA: Former Megan Media Holdings Bhd executive chairman and director Datuk Mohd Adam Che Harun has been jailed 18 months and fined RM300,000 for providing false information to Bursa Malaysia.

In a statement, the Securities Commission said the Court of Appeal had affirmed a 2017 Sessions Court conviction of Mohd Adam for furnishing false information to the stock exchange operator in 2007.

Mohd Adam, 76, was charged on Dec 10,2007 and the false information relates to Megan Media’s revenue of RM306.15mil, of which more than 75% of the said revenue amounting to RM228mil were falsified, it said.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 18
Cxense type: free
User access status: 3


Did you find this article insightful?


Next In Business News

Rising raw material, freight costs hurt Daibochi earnings �
Car chip shortage clouds KESM outlook after strong Q2
FBM KLCI closes at highest in nearly 2 months
CIMB Investment Bank named Malaysia Bond House of the Year
Vodafone seeks to raise up to 2.8bil euros from Towers IPO
Sultan Nazrin: Islamic capital market proved resilient during pandemic
Worst-performing Asia stock index turns winner on value love
Top Glove posts highest quarterly net profit in corporate history at RM2.9bil
Flexidynamic to raise RM15m from IPO
Serba Dinamik secures RM408.8m contracts in India and Indonesia

Stories You'll Enjoy