The Malaysia Securities Commission has charged former Karex Berhad chief financial officer Goh Chok Siang with insider trading under section 188(2)(a) of the Capital Markets and Services Act 2007. The case concerns allegations that he acquired 150,000 Karex shares on 22 July 2020 while in possession of material non-public information about the company’s intention to enter the manufacturing and sale of gloves. Goh pleaded not guilty in the Kuala Lumpur Sessions Court. He was granted bail of RM90,000 with two local sureties and was ordered to surrender his passport and report monthly to the Securities Commission’s investigating officer until the trial is completed. If convicted, he faces up to 10 years’ imprisonment and a fine of not less than RM1 million.
Malaysia Securities Commission2026-06-10
Malaysia Securities Commission charges former Karex Berhad chief financial officer with insider trading over 150000 share purchase
The Malaysia Securities Commission has charged former Karex Berhad chief financial officer Goh Chok Siang with insider trading under section 188(2)(a) of the Capital Markets and Services Act 2007, alleging he bought 150,000 Karex shares in July 2020 while holding material non-public information on the company’s planned entry into glove manufacturing. Goh pleaded not guilty and was granted RM90,000 bail with conditions including passport surrender and monthly reporting, and faces up to 10 years’ imprisonment and a minimum RM1 million fine if convicted.