Datuk Charged with False Information to Bursa Malaysia

8 February 2007
Kuala Lumpur

Datuk Ng Kim Weng, aged 55, has been arrested at his Petaling Jaya home yesterday morning. The Sessions Court has charged the former managing director of the public-listed company Polymate Holdings Bhd for disclosing false information to Bursa Malaysia.

He allegedly authorised the furnishing of false statements in the balance sheet and consolidated income statement for the year ending September 30 2003. The offence allegedly took place at Bursa Malaysia’s Exchange Square in Bukit Kewangan.

The reported trade receivables was RM84,547,906 in the balance sheet while in the income statement the amount was stated as RM134,595,521.

The offence carries a maximum fine of RM3 million or 10 years’ jail or both.

The judge fixed bail at RM300,000 with one surety and has set hearing from 8 to 15 October 2007.

New Straits Times – Datuk charged with falsifying figures

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