Latest news with #CMSA
The Star
09-08-2025
- Science
- The Star
China completes key Lanyue lander test for crewed moon mission by 2030
China has completed a critical landing and take-off test of its crewed lunar lander, moving a step closer to putting astronauts on the moon before 2030. A prototype of the four-legged Lanyue lander – designed to ferry two astronauts between lunar orbit and the surface – underwent a comprehensive trial on Wednesday in Huailai county, in northern China's Hebei province, the China Manned Space Agency (CMSA) announced on Thursday.
BusinessToday
08-08-2025
- Business
- BusinessToday
Unlicensed Trader Jailed 20 Years, Fined RM9 Million For Defrauding
The Kuala Lumpur Sessions Court has sentenced Mohd Azhidi Laili to 20 years' imprisonment and a RM9 million fine for unlicensed trading and derivatives fraud involving a fake crude palm oil futures investment scheme. In a statement, the Securities Commission Malaysia (SC) said Azhidi, who posed as a licensed futures trader, cheated nine victims of RM1.45 million between May 2013 and March 2014. He pleaded guilty to nine charges under Section 206(b) of the Capital Markets and Services Act 2007 (CMSA) and one charge under Section 59(1) for acting without a licence. 'The outcome reflects the seriousness of the offences and their impact on the capital market,' the SC said, adding that the case underscores the importance of protecting investors from fraudulent schemes. SC shared that Azhidi received two years' jail and a RM1 million fine for each charge, with prison terms to run concurrently. Failure to pay the fines will result in an additional 27 months in prison. The commission reminded the public to remain vigilant and verify the legitimacy of any investment offers before committing funds.
Indian Express
08-08-2025
- Science
- Indian Express
China's manned lunar lander ‘Lanyue' completes testing, marks milestone
China has completed testing for the landing and take-off of its manned lunar lander, Lanyue, which translates to 'embrace the moon.' According to the China Manned Space Agency (CMSA), the trial was carried out in Hebei Province, marking the country's first-ever test of an extraterrestrial landing and take-off for a manned spacecraft. CMSA, which oversees China's spaceflight programmes, confirmed that all major systems performed as intended, without errors. These included the control systems, ascent and descent plans, and engine shutdown process. The test also verified that key subsystems—such as propulsion, guidance, navigation, and control (GNC)—are compatible and capable of operating as a single unit during a lunar mission. Designed specifically for China's planned manned lunar expeditions, Lanyue consists of two main components: a lunar module and a propulsion module. Its two-part design allows it to transport two astronauts, a lunar rover, and other research payloads between lunar orbit and the Moon's surface. The spacecraft supports long-duration missions and can conduct scientific studies on-site. Once on the Moon, Lanyue will function both as a transport vehicle and a habitable activity centre for astronauts. Its architecture integrates living quarters, a data relay station, and a power hub—enabling extended stays and wider surface exploration. The multipurpose design reflects China's ambition to establish a sustained human presence on the Moon. In a statement, CMSA noted: 'The test involved multiple operational conditions, a lengthy testing period, and high technical complexity, making it a critical milestone in the development of China's manned lunar exploration programme.' Over the past five years, China has become the only country to successfully retrieve lunar samples from both the Moon's near and far sides through its unmanned missions.
Barnama
08-08-2025
- Business
- Barnama
Unlicensed Futures Trader Jailed 20 Years, Fined RM9 Mln For FCPO Fraud
KUALA LUMPUR, Aug 8 (Bernama) -- The Sessions Court has sentenced an unlicensed futures trader to a total of 20 years imprisonment and a fine of RM9 million for unlicensed activities and derivatives fraud. The Securities Commission of Malaysia (SC), in a statement today, said that Judge Hamidah Mohamed Deril meted out the sentences yesterday after Mohd Azhidi Laili pleaded guilty to nine charges under Section 206(b) of the Capital Markets and Services Act 2007 (CMSA). It said Mohd Azhidi was sentenced to two years imprisonment and a fine of RM1 million in default three months imprisonment for each charge, with the jail terms to run concurrently. "If Mohd Azhidi does not pay the fine, he will face a further imprisonment of 27 months after the completion of his jail term," read the statement. Mohd Azhidi, who had falsely represented himself as a futures trader, committed the offences between May 2013 and March 2014 in Kuala Lumpur. "According to the facts of the case as admitted by Mohd Azhidi, he had deceived nine victims of a total of RM1.45 million for a purported futures crude palm oil (FCPO) investment scheme under AmFutures Sdn Bhd, which did not exist," the commission said. The court also sentenced Mohd Azhidi to two years' imprisonment after he pleaded guilty to a charge under Section 58(1) of the CMSA for holding himself out as a representative of AmFutures Sdn Bhd without being licensed or registered for dealing in derivatives, and ordered the jail term to be served concurrently. Mohd Azhidi was initially charged by the SC on Feb 14, 2022, two days after his arrest, and he claimed trial to all the charges and was released on bail of RM250,000 with two sureties. He was also ordered to surrender his passport and to report to the SC's Investigating Officer once a month. "The trial proceeded from February 2023 to March 2025, after which he decided to change his plea to guilty. 28 prosecution witnesses, including seven victims, testified in court," read the statement.
The Star
08-08-2025
- Business
- The Star
Unlicensed futures trader gets 20 years' jail, RM9mil fine for unlicensed trading, fraud
The Securities Commission of Malaysia building in Kuala Lumpur PETALING JAYA: The Kuala Lumpur Sessions Court has sentenced Mohd Azhidi Laili to a total of 20 years imprisonment and a fine of RM9mil for unlicensed activities and derivatives fraud. In a release, the Securities Commission noted Azhidi had falsely represented himself as a futures trader and committed the offences between May 2013 and March 2014. The sentence was passed after Azhidi pleaded guilty yesterday to nine charges under section 206(b) of the Capital Markets and Services Act 2007 (CMSA). According to the facts of the case he had deceived nine victims of a total of RM1.45mil for a purported futures crude palm oil (FCPO) investment scheme under AmFutures Sdn Bhd, which did not exist. He was sentenced to two years imprisonment and a fine of RM1mil in default three months imprisonment, for each charge, with the imprisonment terms to run concurrently. "If Azhidi does not pay the fine, he will face a further imprisonment of 27 months after the completion of his imprisonment term," the release noted. Azhidi also pleaded guilty to one charge under section 59(1) of the CMSA for holding himself out as a representative of AmFutures Sdn Bhd without being licensed nor a registered person for dealing in derivatives, an activity regulated by the SC pursuant to Schedule 2 of the CMSA. The court sentenced him to two years imprisonment for this offence, to be served concurrently with the offences under section 206(b) of the CMSA.
