17 Feb 2023
LOW THIAM HOCK
- Citation
- 42S-3-01/2016 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- 42S-3-01/2016 (Mahkamah Tinggi)
The High Court held the prosecution proved the elements of s84(1) SIA: the appellant instructed purchases that were calculated to create a misleading appearance in Repco's share price; the defence explanations were afterthoughts not properly tested at trial and expert evidence of the prosecution (PW20) was preferred; therefore conviction was safe. The sentence of five years imprisonment was excessive in the circumstances and was reduced to one year while the RM5,000,000 fine was affirmed.