Saturday, 17 March 2012

"Secret dealings" at the Securities Commission?

I am really interested what the "secret dealings" of the Securities Commission are, hopefully they will be revealed further. Article from Malaysian Insider about the interesting court case that a minority investor of E&O has initiated against the Securities Commission. Court cases are always good in Malaysia, lots of information is revealed.

"High Court judge Abang Iskandar Abang Hashim should have disclosed he previously worked at the Securities Commission (SC) before hearing a suit against it by an E&O Bhd shareholder, the regulator’s lawyers argued today.
The lawyers contend he would know of “secret dealings” when hearing asuit filed by Michael Chow Keat Thye against the SC for failing to compel conglomerate Sime Darby Bhd to buy remaining shares after it bought a 30 per cent stake in the property developer for RM776 million."

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