KUALA LUMPUR : Senior corporate lawyer, Datuk Sreesanthan Eliathamby was acquitted and discharged of four charges of insider dealing in three Sessions Courts here today after the Attorney-General’s Chambers and Securities Commission withdrew all the charges against him.Joshua said the AGC and SC also withdrew their appeals in the High Court here against Sreesanthan’s acquittal in the Sessions Court in January 2021 on three charges of insider dealing.
On July 20, 2012, Sreesanthan, a former independent non-executive director of Sime Darby, pleaded not guilty to seven counts of insider trading under the Securities Industry Act and Capital Markets and Services Act, in 2006. He was accused of using information on the acquisition, privatisation and corporate restructuring exercises of the said firms, to acquire the companies’ shares, between 2006 and 2008.