Representation by Serba Dinamik, directors, senior officers conditionally accepted by AGC

by BERNAMA / graphic by MZUKRI MOHAMAD

KUALA LUMPUR – The Attorney-General’s Chambers (AGC) has accepted a representation from integrated oil and gas engineering services provider Serba Dinamik Holdings Berhad, two of its directors and two senior officers alleged to have submitted false statements to Bursa Malaysia Securities Berhad.

The matter was informed by Securities Commission deputy public prosecutor Hashley Tajudin during mention proceedings in four Session Courts before Judges Datin Sabariah Othman, Kamarudin Kamsun, Ahmad Kamar Jamaluddin and Emelia Kaswati Mohamad Khalid.

“A representation was submitted to the AGC on March 17 and it was accepted on April 7 with the condition that several matters need to be implemented. We ask for a date for mention to update developments on the representation.

“The prosecution has submitted 90 per cent of the documents (on the trial) to the defence so far,” Hashley said.

Lawyer Wan Aizuddin Wan Mohammed representing Serba Dinamik and its group chief executive officer Datuk Dr Mohd Abdul Karim Abdullah, lawyer Dylan Yeap acting for its group financial controller Azhan Azmi and non-independent executive director Datuk Syed Nazim Syed Faisal confirmed the representation during proceedings.

Also confirming the matter was lawyer Harvinder Singh Sidhu, representing the company’s vice-president (Accounts and Finance) Muhammad Hafiz Othman.

All four courts set May 13 for mention.

Hashley, when met by reporters, declined to disclose details on the representation.

Serba Dinamik, Mohd Abdul Karim, who is also its managing director, Syed Nazim, Azhan Azmi and Muhammad Hafiz, were each charged with having the intent to deceive by submitting false statements to Bursa Malaysia regarding Serba Dinamik matters contained in the company’s quarterly report for the financial quarter ended 31 Dec 2020.

They were accused of committing the offence at Bursa Malaysia Securities Berhad, Bukit Kewangan, here on Feb 26 last year under Section 369 (a) (B) read together with Section 367 (1) of the Capital Markets and Services Act 2007 (CMSA) which is punishable under Section 369 of the same act.

The charge carries a maximum jail term of 10 years and a fine not exceeding RM3 million, upon conviction.