Fined RM70,000 over multi-share application


  • Nation
  • Tuesday, 11 Mar 2008

KUALA LUMPUR: A self-employed man, Gan Yew Chok was fined RM75,000 after he pleaded guilty Tuesday to two charges of opening and using more than one securities account to apply for shares in two companies. 

The Securities Commission said in a statement that the Kuala Lumpur Sessions Court imposed a fine of RM35,000 for each charge under the section 9(1) of the Securities Industry (Central Depository) Act 1991. 

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