The Securities Commission Malaysia (SC) has obtained an arrest warrant for Serba Dinamik Holdings Bhd’s group managing director and CEO, Datuk Mohd Abdul Karim Abdullah. He previously served as chairman and non-executive, non-independent director of Sarawak Consolidated Industries Bhd (SCIB).
In a statement, the SC said Abdul Karim had earlier been charged in 2021 over a similar offence involving the furnishing of false information in Serba Dinamik’s financial statements. The case was later resolved through a compound after the Public Prosecutor accepted his representation, with Abdul Karim paying a RM3 million compound.
The regulator said Abdul Karim is currently at large and is now wanted for the same offence under Section 369(b)(B) of the Capital Markets and Services Act 2007 (CMSA). The Public Prosecutor has granted consent for criminal prosecution against him for his alleged role in causing SCIB to submit a false statement to Bursa Malaysia.
According to the SC, Abdul Karim’s last known address in Malaysia was at Lake Garden Villas, Cahaya SPK, Shah Alam, and he is also linked to an address at Burj Khalifa in Dubai, United Arab Emirates. The commission has urged members of the public with information on his whereabouts to contact the SC via phone or email.
Separately, the SC has charged former SCIB group managing director and CEO Rosland Othman at the Kuala Lumpur Sessions Court for allegedly causing the submission of a false statement by SCIB to Bursa Malaysia.
Rosland faces a charge under Section 369(b)(B) of the CMSA for the submission of SCIB’s interim financial report for the quarter ended June 30, 2021, which reported revenue of RM852.8 million when it was filed with Bursa Malaysia on Sept 30, 2021.
He pleaded not guilty to the charge. Sessions Court judge Tuan Azrul Darus granted Rosland bail of RM500,000 with one local surety, and ordered him to surrender his passport and report to the SC’s investigating officer monthly until the trial concludes.
If convicted, Rosland faces up to 10 years’ imprisonment and a fine of up to RM3 million under the CMSA.
