COVID–19 NEWS   COVID-19: Over 1.1 million kids in Malaysia fully vaccinated | MOH does not plan to extend PICKids | COVID : 30.4 pct of children in Malaysia fully vaccinated | N Korea reports one additional death amid COVID-19 outbreak | S Korea to resume issuing short-term travel visas, e-visas next month | 

High Court imposes 24 months imprisonment term on former Transmile CEO

26/01/2022 01:26 AM

KUALA LUMPUR, Jan 25 -- The High Court today allowed the Securities Commission’s (SC) appeal and increased the jail sentence of former Transmile chief executive officer and executive director Gan Boon Aun from one day to 24 months.

The High Court also upheld the initial fine of RM2.5 million imposed by the Sessions Court on Aug 27, 2020, the commission said in a statement here today.

Gan was convicted for furnishing a misleading statement, with intent to deceive, relating to Transmile Group Bhd’s revenue in the company’s Quarterly Report on Unaudited Consolidated Results for the Financial Year ended Dec 31, 2006.

The misleading statement on the revenue amount comprised over RM333 million of fictitious sales. Gan’s conviction is under Section 122B read together with Section 122(1) of the Securities Industry Act 1983.

High Court judge Justice Mohamed Zaini Mazlan observed that from the efforts made by the SC to execute the warrant of arrest against Gan, he has been evading arrest, thus failing to attend the hearing of the appeal.

Gan remains at-large and the SC is requesting members of the public who may know of his whereabouts to come forward to assist the SC in locating Gan, it said.


Bernama is the trusted source of reliable real-time comprehensive and accurate news for both the public and media practitioners. Our news is published at ; BERNAMA TV on: Astro Channel 502, unifi TV Channel 631, MYTV Channel 121 IFLIX; and Bernama Radio broadcasting locally on FM93.9 in Klang Valley, Johor (FM107.5), Kota Kinabalu (FM107.9) and Kuching (FM100.9).

Follow us on social media :
Facebook : @bernamaofficial, @bernamatv, @bernamaradio
Twitter :, @BernamaTV, @bernamaradio
Instagram : @bernamaofficial, @bernamatvofficial, @bernamaradioofficial
TikTok : @bernamaofficial

© 2022 BERNAMA   • Disclaimer   • Privacy Policy   • Security Policy