The Securities Commission building in Kuala Lumpur
KUALA LUMPUR: The Securities Commission (SC) has charged a former chief financial officer of AT Systematization Bhd (ATS) in the Kuala Lumpur Sessions Court for causing wrongful loss of RM7.82mil to the company.
In a statement, the SC said Yong Man Chai, 47, faces 20 charges under Section 317A(1) of the Capital Markets and Services Act 2007 (CMSA) for allegedly making payments totalling RM7.82mil to five companies, with the intention of causing wrongful loss to ATS.
