KUALA LUMPUR: The Securities Commission (SC) has initiated several charges against Serba Dinamik Holdings Bhd and its executives for submitting a false statement to Bursa Malaysia Securities Bhd — under Section 369(a)(B) of the Capital Markets and Services Act 2007.
The SC is also on the lookout for Serba Dinamik group managing director and chief executive officer Datuk Dr Mohd Abdul Karim Abdullah.
SC said Serba Dinamik had on Feb 26, 2021 with intent to deceive, furnished a false statement to Bursa Malaysia Securities Bhd in relation to the affairs of Serba Dinamik, and the false statement is contained in “Serba Dinamik Holdings Bhd’s quarterly report on the consolidated results for the quarter and year ended Dec 31, 2020.
It said the company thereby committed an offence under section 369(a)(B) of the Capital Markets and Services Act 2007 (Act 671) and punishable under section 369 of the same Act.
It said Karim had committed an offence under section 369(a)(B) of the Capital Markets and Services Act 2007 (Act 671) when it, with intent to deceive, furnished a false statement to Bursa Malaysia in relation to the affairs of Serba Dinamik, and the false statement is contained in “Serba Dinamik Holdings Bhd’s quarterly report on the consolidated results for the quarter and year ended Dec 31, 2020.
It added that Karim, who at the time of the commission of the offence was a director of Serba Dinamik, was deemed to have committed an offence under section 369(a)(B) read together with section 367(1) of the Capital Markets and Services Act 2007 (Act 671), and punishable under section 369 of the same Act.
In addition, SC also charged group chief financial officer Azhan Azmi, company secretary Muhammad Hafiz Othman and non-independent executive director Datuk Syed Nazim Syed Faisal.
Source: The Star
