KUALA LUMPUR: A former insurance company director was fined RM150,000 by the Sessions Court after she pleaded guilty to buying 923 lots of Rahman Hydraulic Tin Bhd shares without the approval of Bank Negara seven years ago.
On June 18, 2002, Teong Soo Ping, 37, the former director of The People’s Insurance Company (M) Bhd, pleaded not guilty to entering the transaction by way of a “put and call option agreement” with Tenang Rimbun Sdn Bhd, which would result in a material gain for her.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
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!
