SC levies most compound on Serba Dinamik, charged officers

KUALA LUMPUR: The Securities Fee has compounded Serba Dinamik Holdings Bhd and 4 people, together with its CEO and prime executives, with the utmost permissible sum of RM3mil every as settlement for costs of falsifying an announcement to Bursa Malaysia Securities Bhd.

In an announcement issued right this moment, the regulator stated it had, with the written consent of the Public Prosecutor, accepted the illustration made to the Legal professional-Normal’s Chambers by the oil and gasoline agency and the people concerned concerning the fees pending in court docket.

“That is the utmost quantity of compound permissible underneath Part 369(a)(B) of the CMSA for submission of false info within the firm’s monetary assertion.

“Serba Dinamik and the stated people had been earlier charged for submitting a false assertion to Bursa Malaysia Securities Bhd on 26 February 2021, in relation to the income determine of RM6.014bil contained in Serba Dinamik’s Quarterly Report on Consolidated Outcomes for the Quarter and 12 months ended 31 December 2020,” stated the SC.

The people concerned within the costs are Serba Dinamik CEO/group managing director Datuk Mohd Abdul Karim Abdullah, govt director Datuk Syed Nazim Syed Faizal, group chief monetary officer Azhan Azmi and vice chairman of accounts and finance Muhammad Hafiz Othman.

Muhammad Hafiz was additionally issued with a compound of RM1mil, additionally the utmost quantity permissable, for falsifying the accounting data of the corporate’s subsidiary Serba Dinamik Sdn Bhd, which is an offence underneath part 368(1)(b)(i) of the CMSA .


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