The decision to compound the four executives in the Serba Dinamik Holdings Berhad case has raised a myriad of questions, thoughts, and opinions. We must be mindful of the message that we are sending to the capital market and potential wrongdoers. The AGC will need to sufficiently distinguish the Serba Dinamik case from other cases in future and explains its reasons clearly. The exercise of the discretion whether to compound or not to compound a capital market offence has far-reaching implications for the capital market. It may hinder the development of a fair and orderly capital market that prides itself on investor protection.

Source: The Star April 17, 2022 15:50 UTC