KUALA LUMPUR, Jan 25 — The High Court today allowed the Securities Commission’s appeal and increased the jail sentence of former Transmile chief executive officer and executive director Gan Boon Aun from one day to 24 months.
Gan was convicted for furnishing a misleading statement, with intent to deceive, relating to Transmile Group Bhd’s revenue in the company’s Quarterly Report on Unaudited Consolidated Results for the Financial Year ended December 31, 2006.
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