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Court quashes ex-Supermax CEO's 5-year jail term, RM5 mil fine for insider trading

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Judge rules the sentence against Stanley Thai is unsafe. FMTNews Supermax StanleyThai InsiderTrading

September 29, 2020 4:15 PM

KUALA LUMPUR: The High Court here today freed a former CEO of a latex company charged with insider trading related to shares in a subsidiary company. “I am persuaded by the arguments put forward by both accused’s counsel and find the conviction was not safe.

 

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High Court acquits ex-Supermax MD of insider tradingFive-year jail sentence and RM5 million fine against Stanley Thai have been quashed.
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