Guan Eng: PM, AG must explain Umno man Awang Adek’s appointment as SC executive chair
KUALA LUMPUR, April 28 — DAPs Lim Guan Eng has called on the prime minister and attorney-general to explain the appointment of Umno politician Datuk Awang Adek Hussin as the new Securities Commission executive chairman today.
“Syed Zaid’s resignation is reported to be linked to clashes with the AG’s controversial decision to withdraw criminal charges against troubled oil and gas services company Serba Dinamik Holdings Bhd and four senior executives, who were alleged to have filed false financial statements with Bursa Malaysia,” he said in a statement.
Last year, Serba Dinamik and three of its executives were charged at the Sessions Court with allegedly furnishing false financial statements to Bursa Malaysia Securities Bhd. All three were charged under Section 369 of the Capital Markets and Services Act 200, which covers the offence of intentionally providing false information to a stock exchange, among others, regarding a security or derivative.
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