Ex-Linear director acquitted of making false statement
KUALA LUMPUR: The Sessions Court, here, yesterday ordered the release of a former company director who was charged with making a false statement to Bursa Malaysia Securities Bhd without c a l l i n g f o r h i s d efence.
Judge Samsudin Abdullah acquitted a n d d i s c h a rg e d J. Alan Rajendram, 61, of the charge after finding that the prosecution had failed to establish a prima facie case against him.
He also ordered the bail of RM150,000 to be returned to the accused.
Alan Rajendram was charged with submitting a false statement on the affairs of listed corporation Linear Corp Bhd, as contained in the company’s announcement dated December 29 2009.
The offence was allegedly committed at Bursa Malaysia Securities, Exchange Square Bukit Kewangan on December 29 2009.
The offence, under Section 369(b)(B) of the Capital Markets a n d S e r v i c e s Ac t 2009, provides an imprisonment of up to 10 years and a fine of up to RM3 million, if found guilty.
A total of 13 prosecution witnesses were called to testify during the hearing, which started on October 20 last year.
Deputy public prosecutor Mohd Hafiz Mohd Yusoff appeared for the prosecution, while the accused was represented by counsel Datuk N. Sivananthan. Bernama