Lawyer Sreesanthan to pay SC penalty of RM900,000


PETALING JAYA: Senior corporate lawyer Datuk Sreesanthan Eliathamby, who was recently acquitted of insider trading, has agreed to pay the Securities Commission (SC) disgorgement of profits worth RM900,000 for another insider trading offence involving the shares of Maxis Communications Bhd, UEM World Bhd and VADS Bhd.

In a statement yesterday, the SC said this settlement was part of the SC’s regulatory settlement agreement.

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