AirAsia head pays RM3.64m settlement with Securities Commission over MAS share purchase
Datuk Kamarudin Meranun speaks during a press conference after the official launch of the Medical Travel Market Intelligence Conference in Kuala Lumpur September 3, 2018. — Picture by Mukhriz Hazim
The shares acquisition was purchased through the account of Nor Ashikin Khamis and Malizan Mahmood while in possession of inside information contrary to Section 188 of the Capital Markets and Services Act 2007 . The regulator said a director of AmanahRaya Investment Management Sdn Bhd, which is a wholly-owned subsidiary of Amanah Raya Bhd, who was named as Abdul Radzim Abdul Rahman, and one Mohamed Radzif Mohamed Shamsudin had also entered into a settlement on April 9 with the SC for the sum of RM750,000 each.
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