KUALA LUMPUR (March 12): A warrant of arrest has been issued on Thursday against Datuk Mohd Abdul Karim Abdullah, the managing director of Serba Dinamik Holdings Bhd, for criminal prosecution under securities laws.
Abdul Karim, who is currently at large, is wanted for an offence under Section 369(b)(B) of Capital Markets and Services Act 2007, the Securities Commission Malaysia (SC) said after charging Rosland Othman, the former managing director and chief executive officer of Sarawak Consolidated Industries Bhd (KL:SCIB), for the same offence.
“The public prosecutor has granted consent for criminal prosecution against Karim for his involvement in causing the furnishing of the false statement by SCIB to Bursa Malaysia,” the SC said.
Abdul Karim was previously charged with furnishing false information in 2021 in relation to the financial statements of Serba Dinamik.
The case was, however, resolved via a compound of RM3 million following the public prosecutor's decision to accept Abdul Karim’s representation. A compound is a penalty paid to avoid further prosecution in court and serves as a settlement.
The last known address of Abdul Karim, the former chairman of SCIB, was at Lake Garden Villas, Cahaya SPK, Shah Alam, and he also has an address at Burj Khalifa, in Dubai, United Arab Emirates.
Members of the public, it added, who have any information on Abdul Karim’s whereabouts are urged to notify the SC at 012-6112 496 or email the SC at [email protected].
Earlier on Thursday, Rosland claimed trial at the Sessions Court to furnishing false statements with regards to the company’s Interim Financial Report on Consolidated Results for the Quarter Ended June 30, 2021.
Rosland was granted bail of RM500,000 with one surety and had his passport impounded.