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Malaysia's Court of Appeal has unanimously upheld a High Court judgment from 2022 finding former WCT Bhd deputy managing director Goh Chin Liong and Ara Holdings director Leong Ah Chai liable for insider trading, with combined penalties totalling RM5.83 million.
The founder of Abu Dhabi-based AppliedAI has secretly admitted to participating in a sprawling insider trading conspiracy involving attorneys from prestigious law firms who leaked confidential merger information for a cut of trading profits.
The Federal Court has rejected a final appeal from former Patimas director Ng Back Heang in a RM1.2 million insider trading case, ruling that his application presents no novel legal arguments warranting review.