KUALA LUMPUR, Oct 28 — The High Court here today dismissed the appeal by former Axis Incorporation Bhd board adviser Lee Koon Huat against his conviction and sentence on four charges of abetting the furnishing of false financial statements to Bursa Malaysia.
In a statement today, the Securities Commission (SC) said Judge Noor Ruwena Md Nurdin held that the prosecution had proven the charges against Lee beyond reasonable doubt at trial and there were no grounds to interfere with the Sessions Court’s decision.
“The High Court further agreed with the SC’s submission that the sentence imposed against Lee was appropriate in view of Lee’s role in the commission of the offences.
“As such, the court dismissed Lee’s appeal against sentence and upheld the sentence imposed by the Sessions Court, being six months’ imprisonment and a fine of RM200,000 for each charge or in default, six months’ imprisonment,” it said.
