Two charged under Companies Act

  • Nation
  • Tuesday, 21 Oct 2008

KUALA LUMPUR: Two corporate individuals were charged in court for failing to comply with a notice to produce documents to the Companies Commission of Malaysia’s investigators.

According to a statement by the commission yesterday, Mohamed Ishak Abd Hamid, Sime Darby Holdings Bhd’s group human resource executive vice-president was charged on Friday under the Companies Act 1965 for failing to comply with a notice issued by the commission under Section 7B(2). He claimed trial and Sessions Court judge S.M. Komathy Suppiah fixed Dec 1 for mention.

On the same day, KPMG Corporate Services Sdn Bhd executive director Tan Kim Chuan was charged at a separate Sessions Court for a similar offence, the statement said. Tan was charged with failing to comply with a notice issued by the commission to produce audit working committee investigative papers to the commission’s investigators. He, too, claimed trial and Sessions Court judge Rozana Ali Yusoff fixed Dec 12 as the preliminary objection date for the defence counsel. If found guilty, they could face a maximum jail sentence of three years or a RM10,000 fine or both.

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