THREE brothers have been hauled before separate Sessions Courts over allegations that they carried out securities dealing activities without a licence from the Securities Commission Malaysia (SC).
Anuar Hassan, Mohd Amin Hassan and Amir Hassan claimed trial to charges brought under Section 58(1) of the Capital Markets and Services Act 2007 (CMSA), with several charges also framed together with Section 34 of the Penal Code.
Before Sessions Court Judge Puan Norma Ismail, Mohd Amin faced one charge for allegedly carrying on a business of dealing in securities without a valid Capital Markets Services Licence.
He was granted bail of RM30,000 with two Malaysian sureties and ordered to surrender his passport to the court as well as report monthly to the SC investigating officer.
In another proceeding before the same court, Anuar and Amir were jointly charged with two offences under Section 58(1) of the CMSA read together with Section 34 of the Penal Code.
Both were granted bail of RM30,000 each with two sureties and imposed with the same additional conditions.
Before Sessions Court Judge Tuan Azrul Darus, Mohd Amin and Amir faced one joint charge under Section 58(1) of the CMSA read together with Section 34 of the Penal Code.
They were each granted bail of RM20,000 with two sureties, along with similar conditions requiring passport surrender and monthly reporting.
Amir also faced two separate charges under Section 58(1) of the CMSA and was granted bail of RM30,000 with the same conditions.
Before Sessions Court Judge Datin Surita Budin, Anuar and Mohd Amin were jointly charged with another offence under Section 58(1) of the CMSA read together with Section 34 of the Penal Code.
They were each granted bail of RM30,000 with two sureties and subjected to similar restrictions.
Anuar also faced an additional charge under Section 58(1) of the CMSA and was granted bail of RM30,000.
The SC said the charges relate to allegations that the three brothers conducted securities dealing activities without obtaining the required Capital Markets Services Licence.
The alleged offences took place between March 2019 and October 2019 in Kuala Lumpur, Putrajaya, Selangor and Johor.
If convicted, the brothers face a maximum fine of RM10 million, imprisonment of up to 10 years, or both.
The SC reminded investors that dealing in securities is a regulated activity under Schedule 2 of the CMSA and that any individual or entity carrying out such activities must be licensed by the regulator.
The commission urged investors to remain vigilant and verify the legitimacy of investment opportunities before committing their funds. - July 15, 2026
