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apple developer account for sale :Former MD convicted of insider trading

admin2020-12-2522

The Securities Commission (SC) said in a statement Cheah was sentenced to one-day jail and a fine of RM1mil (in default 12 months imprisonment) after he pleaded guilty to one charge of insider trading under section 188(2)(a) of the Capital Markets and Services Act 2007 (CMSA). PETALING JAYA: Former managing director of DIS Technology Holdings Bhd (DIS Tech), Cheah Yew Keat, has been convicted and sentenced for insider trading by the Kuala Lumpur Sessions Court. The Securities Commission (SC) said in a statement Cheah was sentenced to one-day jail and a fine of RM1mil (in default 12 months imprisonment) after he pleaded guilty to one charge of insider trading under section 188(2)(a) of the Capital Markets and Services Act 2007 (CMSA). The SC charged Cheah on Oct 10,2019, with disposing of 2.9 million units of DIS Tech shares between March 1 and 4,2010, via accounts belonging to his personal assistant’s husband, Chuah Ni. The alleged misstatement of DIS Tech’s quarterly financial reports between the third quarter of 2008 and fourth quarter of 2009, would have a significant impact on DIS Tech’s financial results, the SC said.
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