THE Securities Commission Malaysia (SC) has secured leave from the Kuala Lumpur High Court to commence contempt proceedings against former APL Industries Berhad executive director Tan Bee Geok for allegedly breaching a court-imposed five-year ban on holding directorships or participating in the management of public listed companies and their subsidiaries.
High Court Judge Leong Wai Hong granted the regulator’s application on Wednesday following an opposed ex-parte hearing, clearing the way for formal committal proceedings against Tan.
The proceedings arise from a civil consent judgment recorded on September 17, 2020, under which Tan was barred for five years from serving as a director or taking part in the management of any public listed company or its subsidiaries.
The judgment followed enforcement action by the SC under Section 188(3)(a) of the Capital Markets and Services Act 2007 (CMSA), concerning allegations that Tan had tipped off her sister, Tan Bee Hong, with non-public material information relating to APL Industries Berhad.
The SC, in a statement today, said it later discovered that Tan had allegedly breached the court order by continuing to serve as a director and remaining actively involved in the management of subsidiary companies of a public listed firm during the period of the prohibition.
The regulator filed an ex-parte application on September 17, 2025, seeking leave to commence committal proceedings over the alleged breach.
Following Wednesday’s ruling, the SC stressed that compliance with court-sanctioned consent judgments was crucial to preserving market discipline, regulatory enforcement and respect for the authority of the courts.
"Such noncompliant conduct not only undermines the effectiveness of regulatory enforcement but also erodes respect for the authority of court orders and the administration of justice."
The SC was represented by Mohd Hafiz Mohd Yusoff, Ng Chian Huey, Loo Kit Ming Keith and Siti Sarah Kamaruzaman, together with external counsel Benjamin John Dawson and Eileen Othman of Messrs Benjamin Dawson.
Tan was represented by Sivanesan Ravenesan and Siti Nur Amirah of Messrs S Ravenesan. - August 12, 2026
