Latest news with #985
The Sun
16-05-2025
- Business
- The Sun
SC charges former London Biscuits CEO with falsifying financial statement, corporate records
KUALA LUMPUR: The Securities Commission Malaysia (SC) today charged Datuk Seri Liew Yew Chung, former executive director and group chief executive officer of London Biscuits Berhad, in the Sessions Court here for furnishing a false financial statement to the stock exchange and falsifying records of a listed corporation. Based on a statement issued by the SC, Liew faced a total of 13 charges before Sessions Court Judge Azrul Darus and pleaded not guilty to all of them. On the first charge, Liew is accused of having caused the furnishing of a false financial statement to Bursa Malaysia Securities Berhad on Aug 30, 2019, an offence under Section 369(b)(B) of the Capital Markets and Services Act (CMSA) 2007. The charge relates to a false statement concerning London Biscuits Berhad's cumulative revenue amounting to RM285,985, which was contained in the company's third quarter financial report for the period ended June 30, 2019. By virtue of his position as a director and group CEO of London Biscuits Berhad at the material time, Liew is deemed to have committed the offence under Section 367(1) of the CMSA. Liew faces a maximum sentence of 10 years imprisonment and a fine not exceeding RM3 million, upon conviction. Separately, he was also charged with 12 counts under Section 368(1)(a) of the CMSA 2007 for instructing the creation of false sales transactions in the accounting records of London Biscuits Berhad between October 2018 and March 2019. The total value of the false transactions across all 12 charges amounts to RM2,354,430. Upon conviction, each charge carries a maximum penalty of 10 years imprisonment and a fine not exceeding RM1 million. The Sessions Court allowed bail at RM300,000 with two local sureties for all 13 charges. Liew was further ordered to surrender his passport to the court and to report to the SC's investigating officer twice a month.
The Sun
16-05-2025
- Business
- The Sun
Ex-CEO of London Biscuits faces 13 fraud charges
KUALA LUMPUR: The Securities Commission Malaysia (SC) today charged Datuk Seri Liew Yew Chung, former executive director and group chief executive officer of London Biscuits Berhad, in the Sessions Court here for furnishing a false financial statement to the stock exchange and falsifying records of a listed corporation. Based on a statement issued by the SC, Liew faced a total of 13 charges before Sessions Court Judge Azrul Darus and pleaded not guilty to all of them. On the first charge, Liew is accused of having caused the furnishing of a false financial statement to Bursa Malaysia Securities Berhad on Aug 30, 2019, an offence under Section 369(b)(B) of the Capital Markets and Services Act (CMSA) 2007. The charge relates to a false statement concerning London Biscuits Berhad's cumulative revenue amounting to RM285,985, which was contained in the company's third quarter financial report for the period ended June 30, 2019. By virtue of his position as a director and group CEO of London Biscuits Berhad at the material time, Liew is deemed to have committed the offence under Section 367(1) of the CMSA. Liew faces a maximum sentence of 10 years imprisonment and a fine not exceeding RM3 million, upon conviction. Separately, he was also charged with 12 counts under Section 368(1)(a) of the CMSA 2007 for instructing the creation of false sales transactions in the accounting records of London Biscuits Berhad between October 2018 and March 2019. The total value of the false transactions across all 12 charges amounts to RM2,354,430. Upon conviction, each charge carries a maximum penalty of 10 years imprisonment and a fine not exceeding RM1 million. The Sessions Court allowed bail at RM300,000 with two local sureties for all 13 charges. Liew was further ordered to surrender his passport to the court and to report to the SC's investigating officer twice a month.
The Star
16-05-2025
- Business
- The Star
SC charges former ED/group CEO of London Biscuits for false financial statement, records
KUALA LUMPUR: The Securities Commission has charged the former executive director ad group CEO of London Biscuits Bhd for furnishing a false financial statement to the stock exchange and falsification of records. In a statement, the capital markets regulator said Datuk Sri Liew Yew Chung has claimed trial to one charge of causing the furnishing of a false financial statement to Bursa Malaysia Securities Bhd on Aug 30, 2019. This is an offence under section 369(b)(B) of the Capital Markets and Services Act 2007 (CMSA). According to the charge, the false statement relating to London Biscuits' cumulative revenue, amounting to RM285,985,000, was contained in the company's quarterly report in the third quarter of its financial period ended June 30, 2019. Liew was deemed to have committed the offence under section 367(1) of the CMSA due to his position as a director and chief executive of London Biscuits. If convicted, Liew could face imprisonment for a term not exceeding 10 years and shall also be liable to a fine not exceeding RM3 million. In addition, Liew faced 12 charges under section 368(1)(a) of the CMSA for instructing the creation of false transactions concerning company sales in the accounting records of London Biscuits between October 2018 and March 2019. The false transactions in all 12 charges amounted to a total sum of RM2,354,430. Liew claimed trial to all the charges. If convicted, Liew can be punished with a jail term not exceeding 10 years and shall also be liable to a fine not exceeding RM1 million. Sessions Court judge Tuan Azrul Darus granted Liew bail at RM300,000 with two local sureties for all 13 charges. Liew was also ordered to surrender his passport to court and report to the SC's Investigating Officer on a bi-monthly basis.
New Straits Times
09-05-2025
- Business
- New Straits Times
Woman charged with 28 counts of cheating involving RM172,985 in commission
BUTTERWORTH: A former senior purchasing executive of a company pleaded not guilty in the magistrate's court here today to 28 charges of cheating and dishonestly inducing the delivery of goods. 51, was alleged to have deceived Altrapac Sdn Bhd into believing that there was a project to supply goods, prompting a man, who is an agent for the company, to deposit commission money between RM1,000 and RM19,500 in 28 transactions totalling RM172,985 into four different bank accounts controlled by her. She was charged with committing the offence at Vista Perdana, Jalan Bagan Jermal here, between April 26 and June 24, 2024. The charge, framed under Section 420 of the Penal Code, provides imprisonment for up to 10 years and whipping and is liable to a fine, upon conviction. Magistrate Aini Adilah Muhammad Faizal allowed the woman bail of RM1,000 for each charge with one surety and set June 6 for mention. Earlier, deputy public prosecutor Siti Marissa Safina Saiful Adli requested bail at RM5,000 for each charge with one surety, but lawyer Teh See Khoon, representing the accused, appealed for a minimum bail as the woman was no longer working and now relied on her husband's income of RM3,000 to support their three school-going children. – BERNAMA
The Sun
09-05-2025
- The Sun
Woman charged with 28 counts of cheating involving RM172,985 in commission
BUTTERWORTH: A former senior purchasing executive of a company pleaded not guilty in the Magistrate's Court here today to 28 charges of cheating and dishonestly inducing the delivery of goods. 51, was alleged to have deceived Altrapac Sdn Bhd into believing that there was a project to supply goods, prompting a man, who is an agent for the company, to deposit commission money between RM1,000 and RM19,500 in 28 transactions totalling RM172,985 into four different bank accounts controlled by her. She was charged with committing the offence at Vista Perdana, Jalan Bagan Jermal here, between April 26 and June 24, 2024. The charge, framed under Section 420 of the Penal Code, provides imprisonment for up to 10 years and whipping and is liable to a fine, upon conviction. Magistrate Aini Adilah Muhammad Faizal allowed the woman bail of RM1,000 for each charge with one surety and set June 6 for mention. Earlier, Deputy Public Prosecutor Siti Marissa Safina Saiful Adli requested bail at RM5,000 for each charge with one surety, but lawyer Teh See Khoon, representing the accused, appealed for a minimum bail as the woman was no longer working and now relied on her husband's income of RM3,000 to support their three school-going children.
