9 Oct 2024
Suruhanjaya Sekuriti Malaysia 1. ) WONG SHEE KAI 2. ) TEH SEW WAN 3. ) WONG SK HOLDINGS SDN. BHD. PENCELAH Suruhanjaya Sekuriti Malaysia
- Citation
- WA-22NCC-171-05/2020 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- WA-22NCC-171-05/2020 (Mahkamah Tinggi)
Leave to commence committal proceedings was refused because, although a penal notice is not necessarily fatal where an order is permissive, the applicants failed to establish a prima facie case that the Securities Commission breached the express terms of the Variation Order; the SC acted within its regulatory role by advising compliance with an AMLA Seizure Order and directing applicants to obtain AGC variation, not by wilfully interfering with the court order.