A former Sarawak Consolidated Industries Berhad director denies submitting a false financial statement to Bursa Malaysia in 2021, facing up to 10 years in jail.
KUALA LUMPUR: A former director of Sarawak Consolidated Industries Berhad (SCIB) pleaded not guilty to a charge of causing a false statement to be submitted to Bursa Malaysia Securities Berhad.
Rosland Othman, 52, allegedly caused the false statement to be included in the company’s “Interim Financial Report on Consolidated Results for the Quarter Ended 30 June 2021”.
The offence was allegedly committed at Bursa Malaysia, Exchange Square, Bukit Kewangan, on Sept 30, 2021.
It falls under Section 369(b)(B) read with Section 367(1) of the Capital Markets and Services Act 2007.
If convicted, he faces imprisonment for up to 10 years and a maximum fine of RM3 million.
Sessions Court Judge Azrul Darus allowed Rosland bail of RM500,000 with one surety.
The court also ordered him to surrender his passport and report to the Securities Commission headquarters once a month pending disposal of the case.
Deputy Public Prosecutor of the Securities Commission Hashley Tajudin prosecuted the case.
Rosland was represented by lawyer S. Shastidaran.
The court set May 7 for mention of the case.
