Malaysia Case Law: Decisions & Judgments | LexChat

Malaysia Case Law

Market misconduct

  • 7 Aug 2025

    MOHD AZHIDI BIN LAILI

    Citation
    WA-62SC-3-02/2022 (Mahkamah Sesyen)
    Court
    Sessions Court
    Case number
    WA-62SC-3-02/2022 (Mahkamah Sesyen)

    Court convicted defendant on all counts and imposed concurrent imprisonment of 24 months (effective) from 21.5.2024 for each s.206(b) count and for s.59(1) count, and fines of RM1,000,000 per s.206(b) count with 3 months default imprisonment per fine (total default custody aggregated to 27 months). The sentence was justified by the deliberate and sophisticated nature of the fraud, the use of concealment and mule accounts, significant victim loss (RM1.45m), delayed guilty plea reducing mitigation, and the necessity of public deterrence; concurrent custodial terms and acknowledgement of mitigat…

  • 22 Apr 2024

    SURUHANJAYA SEKURITI MALAYSIA 1. ) LIM KOK BOON 2. ) CHEAH MEAN HAR

    Citation
    WA-22NCC-389-09/2017 (Mahkamah Tinggi)
    Court
    High Court
    Case number
    WA-22NCC-389-09/2017 (Mahkamah Tinggi)

    On the balance of probabilities the court found all statutory elements of insider trading satisfied: 1st defendant possessed inside information and communicated it to 2nd defendant (s188(3)); 2nd defendant acquired GWP shares while in possession of that information (s188(2)); the information was not generally available until the public announcement on 3 October 2012 (s184); defendants knew or ought reasonably to have known information was non-public and material (s188(1)); circumstantial evidence (close personal relationship, volume/timing/value of trades, proximate communications, missing SM…