KUALA LUMPUR: Top officials of oil and gas company Serba Dinamik Holdings Bhd including its CEO Datuk Mohd Abdul Karim Abdullah have been acquitted by the Sessions Courts of charges involving offences under the Capital Markets and Services Act (CMSA) 2007.
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DPP Hashley Tajudin, who appeared before Sessions Court Judge Kamarudin Kamsun in one of the four separate courts, said that Mohd Abdul Karim and group chief financial officer Azhan Azmi have both settled their RM3mil compound each."Following the compound payment, the prosecution is applying for the charges to be dropped under Section 254 of the Criminal Procedure Code.
"We have no intention to pursue, therefore we propose an order of discharge amounting to an acquittal for both," he added. The prosecutor also informed the court that similar applications would be made in the cases of Serba Dinamik , its executive director Datuk Syed Nazim Syed Faisal and accounts and finance vice-president Muhammad Hafiz Othman.
The offences involved an alleged false statement in relation to the revenue figure of RM6.014bil contained in Serba Dinamik’s quarterly report on consolidated results for the period ended Dec 31, 2020.
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Serba Dinamik and its top executives complete RM16m compound payment | Malay MailKUALA LUMPUR, May 12 — Serba Dinamik Holdings Bhd has announced that the company and its top executives have completed the full settlement of their compounds imposed by the Securities Commission Malaysia. In a statement today, the company said it made the full settlement on May 9, for the total...
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Serba Dinamik and its top executives complete RM16m compound payment | Malay MailKUALA LUMPUR, May 12 — Serba Dinamik Holdings Bhd has announced that the company and its top executives have completed the full settlement of their compounds imposed by the Securities Commission Malaysia. In a statement today, the company said it made the full settlement on May 9, for the total...
Read more »