Ex-directors charged over false income statements

Ex-directors charged over false income statements

KUALA LUMPUR - Two former directors of Silver Bird Group Bhd claimed trial at the Sessions Court yesterday to permitting the furnishing of false income statements to Bursa Malaysia Securities Berhad between 2010 and 2011.

Datuk Tan Han Kook, 59, pleaded not guilty to seven counts of permitting the furnishing of false unaudited condensed consolidated income statements of the bread and confectionery maker at Bursa Malaysia in Bukit Kewangan, here between March 29, 2010, and Dec 30, 2011.

At the same court, Ching Siew Cheong, 51, was separately charged with eight counts of committing similar offences at the same time and place.

Securities Commission prosecuting officer Mohd Hafiz Mohd Yusof proposed bail be fixed at RM500,000 (S$ 194,000) each in two sureties.

He also proposed the accused surrender their passports to the court.

"The offences are serious as they involve public interest and investor confidence.

"The amount is appropriate to secure their attendance in court," he said.

Tan's counsel, Datuk K. Kumaraendran, in pleading for lower bail, said his client had been charged in another Sessions Court last year.

"He was granted RM800,000 bail for those offences," he said.

Ching's lawyer, Datuk N. Sivananthan, said his client had also been charged with Tan.

"The charges involved the same issue and the same company," he said, proposing bail be set at RM200,000 in one surety.

In December last year, the duo were charged with 134 counts of cheating Malayan Banking Berhad of more than RM67 million.

Judge Murtazadi Amran granted bail at RM250,000 each in one surety and ordered Tan and Ching to surrender their passports to the court.

He fixed Oct 11 for mention.

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