Warrant of arrest Issued against ex-CEO of Transmile


Gan Boon Aun - File pic

KUALA LUMPUR: The Securities Commission (SC) is seeking information from members of the public to locate Gan Boon Aun, the former chief executive officer and executive director of Transmile.

In a statement, the SC said the warrant of arrest was issued by the High Court when Gan failed to appear at the High Court for the hearing of his appeal after several attempts were made to secure his attendance.

Gan was convicted on Aug 27, 2020 for knowingly furnishing a misleading statement relating to Transmile Group Bhd’s revenue in the company’s quarterly report on unaudited consolidated results for the financial year ended Dec 31, 2003.

The misleading statement on the revenue amount comprised over RM333mil fictitious sales.

Gan was convicted and sentenced by the Sessions Court to one-day imprisonment and a fine of RM2.5mil.

He filed an appeal against his conviction and SC filed a cross-appeal against the sentence imposed by the Sessions Court against Gan.

The High Court had since dismissed Gan’s appeal following his failure to appear before the High Court for the hearing of his appeal.

The court has set Dec 13, 2021 for the SC’s cross-appeal against the sentence, pending the execution of the warrant of arrest against Gan.

The public with information on Gan can contact the SC at: +6012 248 4186 / +6017 360 8329 /+6012 604 3195 or aduan@seccom.com.my.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights
   

Next In Business News

Trading ideas: Atlan, Cypark Resources, CIMB, Ireka, TAFI Industries and Yinson
Study suggests Pfizer COVID-19 vaccine may only partially protect against Omicron
Oil CEOs raise alarm over market's readiness to drop fossil fuels
Oil rises 3%, extending rally as Omicron fears retreat
Omicron sets back airline industry's recovery hopes
GLOBAL MARKETS-Bulls take charge as Omicron concerns ease
Decision on 5G model next month
Citi picks Standard Charterd bank in Malaysia as front runner for Asia retail sales
Analysts upbeat about prospects for 2022
RHB targets digital transactions to grow above 95% in 2023

Others Also Read


Vouchers