Former CEO of Inix jailed 45 months

PETALING JAYA: Former CEO of Inix Technologies Holdings Bhd Jimmy Tok Soon Guan was sentenced to 45 months imprisonment by the Court of Appeal yesterday for submitting false statements to the regulators.
Tok, 45, was charged in the Sessions Court in 2011 with one count of providing false information in the company's prospectus under Section 55 of the Securities Commission Act (SCA) and four counts of submitting false statements to Bursa Malaysia Securities Bhd in the company's quarterly reports between October 2005 and July 2006 under Section 122B of the Securities Industry Act.
Tok pleaded guilty to the charges and was fined a total of RM1.1 million by the Sessions Court in 2011.
"The Court of Appeal today allowed the Securities Commission Malaysia's (SC) appeal by imposing the imprisonment term against Tok in addition to the fine earlier imposed by the Sessions Court," the SC said in a statement yesterday.
Tok was sentenced to nine months jail for each charge. The court ordered the jail terms for the four charges under Section 122B to be served concurrently.
Tok was charged together with two former directors of Inix, namely Mok Chin Fan, 57, and Cheong Kok Yai, 55 and former account executive of the company, Normah Sapar, 41.
The Court of Appeal also allowed the prosecution's appeal against the three individuals.
Mok and Cheong were given a total of 30 months imprisonment for the same offences whereas Normah received 30 months imprisonment for abetting Tok.
Mok and Cheong had previously pleaded guilty at the Sessions Court and were fined RM325,000 each while Normah was fined RM350,000.