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Ex-investment banker jailed 2 years, fined RM1mil for securities fraud

Summary by Free Malaysia Today News

Ruwan Amaresh Shaun Ponniah had falsely represented to seven parties that he would invest their monies in shares listed on the Malaysian and foreign stock exchanges.

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Regulation Asia

Malaysian Court Jails Ex-CIMB Banker for Securities Fraud

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4 days ago

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Selangor Journal

Ex-investment banker jailed two years, fined RM1 mln for securities fraud offences

KUALA LUMPUR, June 30 — A former investment banker was sentenced to two years jail and fined RM1 million by the Sessions Court today for securities fraud offences involving RM201,000. Judge Norma Ismail handed down the sentence to Ruwan Amaresh Shaun Ponniah, 36, previously an associate director of debt capital markets in a local Investment bank, after he pleaded guilty to one charge under Section 179(b) of the Capital Markets and Services Act 2…

5 days ago

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Free Malaysia Today News

Ex-investment banker jailed 2 years, fined RM1mil for securities fraud

Ruwan Amaresh Shaun Ponniah had falsely represented to seven parties that he would invest their monies in shares listed on the Malaysian and foreign stock exchanges.

5 days ago·Kuala Lumpur, Malaysia

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