KUALA LUMPUR: The High Court has ruled that the Securities Commission (SC) had successfully proven its claim in a civil suit against Datuk Raymond Yap Wee Hin, a former deputy chairman of Patimas Computers Bhd for insider trading.
In allowing the SC’s claim, Judicial Commissioner Adlin Abdul Majid declared that Yap had breached the relevant securities laws and ordered him to pay a sum of RM3.28mil being an amount equal to three times the losses avoided by him as a result of the insider trading.
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