Former PKNP and Perak Corp CEO ordered to pay a total of RM3.56mil

Securities Commission Malaysia building at Kuala Lumpur.

KUALA LUMPUR: The High Court has ruled that the Securities Commission (SC) had successfully proven its claim in an insider trading civil suit filed in 2021 against Datuk Aminuddin Md Desa, former chief executive officer (CEO) of Perbadanan Kemajuan Negeri Perak (PKNP) and Perak Corp Bhd (PCB)

In a statement, SC said High Court Judge Wan Muhammad Amin Wan Yahya ordered Aminuddin to pay the SC RM2.46mil, which is three times the profits gained as a result of the insider trading breach.