Former Axis adviser gets six months jail, RM800,000 fine for furnishing false financial statements


KUALA LUMPUR: The Kuala Lumpur Sessions Court has convicted Axis Incorporation Bhd’s former adviser to the board of directors, Lee Koon Huat, for abetting the company in furnishing false financial statements in its quarterly reports for the financial year (FY) 2007.

Lee was charged on March 26, 2013 with four charges under section 122C(c) read together with section 122B(a)(bb) of the Securities Industry Act 1983 (SIA).

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

SC , Axis , False Financial Statement , Jail , Fine

   

Next In Business News

Gobind: Appointment of new DNB board members marks major milestone in 5G network restructuring
Microsoft CEO Satya Nadella's visit to Malaysia scheduled on May 2
ViTrox optimistic on semiconductor sector growth
Pavilion REIT’s 1Q net profit rises to RM83.2mil
Martijn Rene van Keulen to helm Heineken Malaysia from July 1
OCK proposed RM500mil ICP programme
Profit-taking in the market, KLCI down 0.14%
EPF balancing between retirement mandate and supporting members' economic survival
Asian stocks hit by US tech slide, FX subdued
CelcomDigi emphasises its significant role in protecting customers from AI-related risks

Others Also Read