HIGH COURT MALAYA KUALA LUMPUR
BUN LIT CHUN – Appellant
Versus
PP – Respondent
| Table of Content |
|---|
| 1. charges under securities industry act. (Para 1 , 2) |
| 2. court's findings and sentencing details. (Para 3) |
[1] The appellant with two others were originally charged in the Kuala Lumpur Sessions Court with one amended principal charge and another with an amended alternative charge for offences under the Securities Industry Act 1983 (Act 280). The Act has since been repealed and replaced with the new Capital Markets and Services Act 2007 (Act 671) ("CMSA"). As for the amended principal charge, they were charged in furtherance of a common intention of them, for a misleading appearance of active trading of Suremax Group Berhad (Company No: 334228-K) ("Suremax") shares on a stock market, that is Bursa Malaysia Securities Berhad, through sale and purchase transactions of Suremax shares executed through the central depository securities accounts, which have the effect of raising the price of Suremax shares and therefore, committed an offence under s 84(1) of the Securities Industry Act 1983 ("SIA") read together with s 34 of the Penal Code (" PC "), punishable under s 88B of the SIA.
[2] As for the amended alternative charge, they were charged in furtherance of common inte
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