Tsunami Capital director charged with failure to help in probe

PETALING JAYA: Securities Commission Malaysia (SC) has charged Tsunami Capital Sdn Bhd director Chok Chew Lan for failure to assist in an investigation and provide a statement to the capital market regulator.

In a statement today, the commission said Chok was charged at the Kuala Lumpur Sessions Court for failing to appear before an investigating officer (IO) of the SC to be examined orally and to assist in an ongoing investigation.

Chok is said to have committed the offences under Section 134(5) of the Securities Commission Malaysia Act 1993 (SCMA) on Sept 5 and 19, 2017. She claimed trial to the charge.

The SC said sessions court judge Hasbullah Adam granted her bail of RM20,000 with one surety, and ordered her to surrender her passport. The case is fixed for mention on Nov 27, 2017.
A breach of Section 134(5) of the SCMA is punishable with a jail term not exceeding five years or a fine not exceeding RM1 million or both.

Chok, in a separate statement, said she pleaded not guilty to the charges, claiming she had valid and legitimate reasons for not being present before the IO. In the statement, she also questioned the timing of the SC’s request for her appearance for a case against Datuk Goh Hock Choy which has been ongoing since Sept 25, 2014.

“Twenty-four witnesses had been called by the SC for Goh’s case. Only in February 2017 the SC decided to call the accused (Chok) for a statement after 52 days of trial in Goh’s case. This event of the SC calling the accused for a statement is totally unfair to the accused, as prior to that, the accused was not even called to give any statement by the SC,” the statement read, adding that Chok will prove her innocence during trial.