Malaysia

3 ex-officers of investment firm freed on false statement charges

Previous judge did not consider sworn testimony of 4th defence witness, court rules

Updated 5 years ago · Published on 02 Dec 2020 3:49PM

3 ex-officers of investment firm freed on false statement charges
In 2011, Mohd Azham Mohd Noor and Datuk Norhamzah Nordin were charged with eight counts of making false statements to Bursa Malaysia Securities. – Pixabay pic, December 2, 2020

KUALA LUMPUR – Three former officers of an investment company, including one with a Datuk title, breathed a sigh of relief after the high court here today acquitted and discharged them on eight charges of making false statements to Bursa Malaysia Securities Bhd 14 years ago.

This followed a decision by judge Datuk Muhammad Jamil Hussin in allowing the appeal by former executive director of Kosmo Technology Industrial Bhd, Mohd Azham Mohd Noor, 55;  its former account manager, Lim Hai Loon (she), 50; and, former managing director Datuk Norhamzah Nordin, 55, against their conviction and sentence that were handed down by the Sessions Court on May 3, last year.

The Sessions Court had sentenced Azham and Norhamzah to two years’ jail and a fine of RM1.45 million each, while Lim was fined RM560,000 and a year’s jail, after finding them guilty.

Jamil, in his decision, said the Sessions Court judge did not consider the sworn testimony of the fourth defence witness, who was the company’s account officer, and this had  prejudiced all the appellants.

"According to the Criminal Procedure Code (CPC), the court must consider the evidence given by witnesses, including the defence witnesses. Failure of the Sessions Court judge to take into account the testimony of the fourth defence witness is a serious injustice.

"The failure is a misdirection that requires intervention of this court. Therefore, the appeal of all the appellants is allowed and the conviction is revoked. The fine, if it has been paid, must be refunded to all the appellants and the bail should also be returned," he added.

In 2011, Azham and  Norhamzah were charged with eight counts of making false statements in the company’s income statement for the year 2006 and 2007 to Bursa Malaysia Securities Bhd at the Exchange Square, Bukit Kewangan here between 2006 and 2008.

Lim was charged with eight counts of abetting the two men. – Bernama, December 2, 2020

Related News

Malaysia / 1w

Penang: SXI field to undergo major upgrades, include pickleball court

Malaysia / 2w

Indira Gandhi fails to challenge unilateral child conversion enactment

Malaysia / 2w

Court allows Daim's daughter to permanently keep passport

Malaysia / 2w

Missing jewellery: Rosmah ordered to pay RM67.5 million

Malaysia / 2w

Six family members killed in accident: Court rejects remand application for lorry driver

Malaysia / 3w

Issue of Negeri Sembilan rulership should be resolved through dialogue – Ahmad Zahid

Spotlight

Malaysia

Review dismissed, Mohd Isa remains in prison for six years

Education

Racism and bigotry in Malaysian higher education are spilling over to social media

Malaysia

Luxury watches, jewellery seized from ex-army chief’s sister-in-law become government property

Malaysia

Undang Luak Rembau to be installed tomorrow

Malaysia

Govt seeks RM1.06 billion in compensation over cancelled naval missile deal

Malaysia

Johor state polls: Pace gathers as 553 nomination forms sold

Sports & Fitness

World Cup 2026 becomes highest-scoring tournament in history with record-breaking 173rd goal

Malaysia

Female e-hailing driver goes viral after installing metal barrier for protection (video)

By Alfian Z.M. Tahir

Malaysia

'No case to answer' in suit against Vinod Sekhar

By Alfian Z.M. Tahir

You may be interested

Malaysia

Undang Luak Rembau to be installed tomorrow

Malaysia

Man who went viral for attacking Myvi driver comes forward to explain actions (video)

Malaysia

Civil servants can work two days from home starting August

Malaysia

Four men denied bail after pleading not guilty to temple machete attack in Jelutong

Malaysia

Five-year-old boy dies after falling from 24th floor of condominium

Malaysia

'No case to answer' in suit against Vinod Sekhar

By Alfian Z.M. Tahir

Malaysia

Cops await forensic findings in death of 6-month-old baby at babysitter’s home

Malaysia

Curtains for 16th Johor state election officially open today, 14-day campaign ahead