24-month imprisonment term for ex-CEO of Transmile

“Gan was convicted for furnishing a misleading statement, with intent to deceive, relating to Transmile Group Bhd’s revenue in the company’s quarterly report on unaudited consolidated results for the financial year ended Dec 31, 2006,” the SC said.

PETALING JAYA: The High Court allowed the Securities Commission’s (SC) appeal and increased the jail sentence of former Transmile CEO and executive director Gan Boon Aun from one day to 24 months.

The High Court also upheld the initial fine of RM2.5mil imposed by the Sessions Court on Aug 27, 2020, the SC said in a statement.