KUALA LUMPUR – The Securities Commission (SC) today charged Serba Dinamik Holdings Bhd chief executive officer and group managing director Datuk Mohd Abdul Karim Abdullah for submitting a false statement to Bursa Malaysia Securities Bhd, an offence under Section 369(a)(B) of the Capital Markets and Services Act 2007 (CMSA).
According to the SC’s charge filed at the Kuala Lumpur Sessions Court, the false statement is in relation to the revenue figure of RM6.01 billion contained in Serba Dinamik’s Quarterly Report on the Consolidated Results for the Quarter and Year ended December 31, 2020.
Serba Dinamik, along with a director and two senior officers were charged on December 28, 2021 for the same offence which, if convicted, carries a punishment of an imprisonment term not exceeding 10 years and a fine not exceeding RM3 million.
The accused claimed trial to the charge filed against him. Sessions court judge Sabariah Othman fixed bail at RM500,000 with two sureties.
Karim is required to report to the SC on terms to be decided by the commission.
The SC today also charged Serba Dinamik vice-president (accounts and finance) Muhammad Hafiz Othman at the Shah Alam Sessions Court for falsifying the accounting records of subsidiary Serba Dinamik Sdn Bhd.
Hafiz was directly involved in instructing the preparation of false documentations relating to the sales of its subsidiary, an offence under Section 368(1)(b)(i) of CMSA.
He claimed trial to the charge filed against him as well. Shah Alam Sessions Court judge Rozilah Salleh granted bail of RM200,000 with two sureties.
If convicted, Hafiz could face imprisonment for a term not exceeding 10 years and a fine not exceeding RM1 million. – The Vibes, December 29, 2021
