KUALA LUMPUR: Supermax Corp Bhd group managing director Datuk Seri Stanley Thai Kim Sim has today been sentenced to a five-year jail term and RM5 million fine for insider trading. He was convicted alongside former remisier Tiong Kiong Choon, who is also sentenced to five years jail and RM10 million fine. It is also understood that Thai paid the fine and appealed against the conviction, and hence the jail term was suspended. Thai was convicted for communicating non-public information between Oct 26, 2007 and Oct 29, 2007 to Tiong. APLI made announcements to Bursa Malaysia about the audit adjustments and its classification as a PN 17 company on Oct 31, 2007.

Source: New Strait Times November 24, 2017 11:15 UTC