General manager’s wife facing RM500,000 fine

  • Nation
  • Tuesday, 28 Sep 2010

KUALA LUMPUR: A housewife may have to pay a RM500,000 fine after being charged with failing to appear before a Securities Commission investigating officer.

Chong Poh Ying, 38, the wife of the Inix Technologies Holdings Bhd general manager, is accused of committing the offence between April 7, 2009 and Sept 7 this year.

She was charged under Section 134(5) of the Securities Commission Act 1993 which carries a maximum five-year jail term and a fine not exceeding RM1mil.

Chong, who was represented by counsel Habeeb Rahman Anwardeen, pleaded not guilty.

Securities Commission prosecuting officers R. Araassu and S. Sharlini asked that Chong be fined RM500,000 here yesterday.

She was released on a RM30,000 bail and her passport must be surrendered to the court.

Judge Jagjit Singh Bant Singh set Oct 29 for the case to be mentioned.

On Sept 23, three directors of Inix Technologies were charged with four counts of knowingly authorising the furnishing of false statements to Bursa Malaysia.

Two former employees from the surveillance equipment manufacturer were also charged with abetment and not appearing before a commission’s investigating officer to provide evidence.

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