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Ex-executive directors of Axis jailed for furnishing false statements

Mimi Sabreena 8:48:00 PM Informasi

KUALA LUMPUR (July 10): Two former executive directors of Axis Incorporation Bhd received jail sentences today for furnishing false statements to Bursa Malaysia Securities Bhd.

Lee Han Boon, 36, and Saipuddin Lim Abdullah, 58, were sentenced by the Sessions Court after they pleaded guilty today, the Securities Commission Malaysia (SC) said in a statement.

The two men admitted to furnishing false information to the stock exchange in relation to Axis' revenue of RM91.13 million, of which RM51.5 million was false, for the fourth quarter ended March 31, 2008.

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