KUALA LUMPUR, Oct 20 — Prime Minister Datuk Seri Anwar Ibrahim told Parliament today that the Securities Commission (SC) pursued further action in the corporate scandal involving Serba Dinamik Berhad, leading to new charges in early 2026.

The scandal caused huge financial losses to shareholders after Serba Dinamik’s market capitalisation plunged by more than 99 per cent, from RM6 billion in early 2020 to about RM50 million by late December 2022.

Anwar said the SC had initially charged Serba Dinamik and its managing director, Datuk Mohd Abdul Karim Abdullah, in December 2021 over false statements submitted to Bursa Malaysia.

However, he claimed that under the previous administration in May 2022, the SC was directed to withdraw all charges following the payment of RM16 million in compounds, resulting in the court discharging and acquitting all the accused.