High Court upholds Repco Low’s conviction
The Kuala Lumpur High Court reduces the five-year prison sentence to one year against former Repco Holdings Bhd executive chairman Low Thiam Hock, who was found guilty of manipulating the company’s share price. – EPA pic, February 17, 2023.
“I find that the appellant’s conviction is safe. Therefore, the appeal against the conviction is dismissed.” Earlier, deputy public prosecutor Shoba Venu Gobal objected to the stay application by Low, represented by Muhammad Shafee Abdullah, saying that there were no special circumstances that required a stay.
In 1999, Low was charged in the Sessions Court with instructing a representative of Sime Securities Sdn Bhd to buy Repco Holdings shares by absorbing any offer price of the shares offered by stock sellers on the Kuala Lumpur Stock Exchange.Low, from Kota Kinabalu, Sabah, was charged with committing the offence at Sime Securities, Level 21, Bangunan Sime Bank, Jalan Sultan Sulaiman, Kuala Lumpur, between 11am and 5pm on December 3, 1997.
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