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CEO faces 10 years in jail over false statement to stock exchange

Posted On: Dec. 29, 2021 10:06 AM CST

The Sessions Court in Malaysia has charged oil services firm Serba Dinamik Holdings Bhd's chief executive Mohd Abdul Karim Abdullah for submitting a false statement to the country's stock exchange, the Edge Markets reported. If found guilty, he could face a jail term of up to 10 years and a fine of up to 3 million Malaysian ringgits ($771,000).