SC charges Serba Dinamik CEO for submitting false statement

Serba Dinamik CEO Datuk Mohd Abdul Karim Abdullah

KUALA LUMPUR: Serba Dinamik Holdings Bhd chief executive officer/group managing director Datuk Mohd Abdul Karim Abdullah has been charged by the Securities Commission (SC) for submitting a false statement to Bursa Malaysia.

According to the SC’s charge filed at the Kuala Lumpur Sessions Court, the false statement is in relation to the revenue figure of RM6.014bil contained in Serba Dinamik’s quarterly report on the consolidated results for the quarter and year ended Dec 31, 2020.

In a statement, SC said Serba Dinamik, along with a director and two senior officers were charged on Dec 28, 2021 for the same offence which, if convicted, carries a punishment of an imprisonment term not exceeding 10 years and a fine of not exceeding RM3mil.

The accused claimed trial to the charge filed against him. Sessions Court Judge Sabariah Othman fixed bail at RM500,000 with two sureties.

Karim is also required to report to the SC on terms to be decided by the SC.

The SC also charged Serba Dinamik vice president of accounts & finance Muhammad Hafiz Othman at the Shah Alam Sessions Court, for falsifying the accounting records of its subsidiary Serba Dinamik Sdn Bhd.

Muhammad Hafiz was directly involved in instructing the preparation of false documentations relating to the sales of Serba Dinamik Sdn Bhd, an offence under section 368(1)(b)(i) of the CMSA.

Muhammad Hafiz claimed trial to the charge filed against him.

Shah Alam Sessions Court Judge Rozilah Salleh granted bail of RM200,000 with two sureties.

If convicted, Muhammad Hafiz could face imprisonment for a term not exceeding ten years and a fine not exceeding RM1mil.