KUALA LUMPUR: A managing director of a rubber wood furniture company was jailed five years by the Sessions Court after he pleaded guilty to submitting false information to the KLSE, which resulted in its listing on the Second Board three years ago.
Judge Akhtar Tahir in sentencing Tat Sang Holdings Bhd managing director Lim Chai Hock, 41, yesterday said a deterrent sentence was necessary, adding the main factor to consider was public interest.
From the statement of facts, it is apparent the accuseds actions had repercussions for the public, which occurred indirectly.
The manner in which the offence had been committed was deliberate and carefully planned, he said, adding that the falsification of government documents also reflected the gravity of the offence.
The judge said he took into consideration Lims admission to another charge of submitting false information to the Securities Commission in connection with the companys second revised proposal for flotation on the Second Board of the KLSE dated Dec 16, 1998.
The judge, who rejected the defence teams oral application for a stay of execution, said he would hear the application once an appeal was filed at the High Court.
Lim pleaded guilty to knowingly authorising the furnishing of false statements to the KLSE in relation to the companys accounts for the year ending July 31, 2000 at the KLSE in Exchange Square, Bukti Kewangan here between Nov 22 and Nov 29, 2000.