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

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).