KUALA LUMPUR (July 15): The Securities Commission Malaysia (SC) charged three brothers — Anuar Hassan, Mohd Amin Hassan, and Amir Hassan — for allegedly conducting securities trading without an SC licence. Securities trading is a regulated activity that requires a valid licence issued by the SC.
The SC in a statement said the charges were filed at three Kuala Lumpur Sessions Courts. The brothers were granted bail ranging from RM20,000 to RM30,000 per charge, with conditions to surrender their passports and report monthly to the SC’s Investigating Officer.
Before Sessions Court Judge Norma Ismail, Amin was charged under Section 58(1) of the Capital Markets and Services Act 2007 (CMSA) for carrying out securities dealing activities without a licence. He was granted bail of RM30,000 with two Malaysian sureties, with conditions to surrender his passport and report monthly to the SC’s Investigating Officer.
In the same court, Anuar and Amir faced two joint charges under Section 58(1) of the CMSA, read together with Section 34 of the Penal Code. Each was granted bail of RM30,000 with two sureties and the same additional conditions.
Before Sessions Court Judge Azrul Darus, Amin and Amir were each charged with one joint offence under Section 58(1) of the CMSA and Section 34 of the Penal Code. They were each granted bail of RM20,000 with two sureties and the same bail conditions. Amir also faced two additional charges under Section 58(1) of the CMSA and was granted bail of RM30,000 with the same conditions.
Before Sessions Court Judge Surita Budin, Anuar and Amin were each charged with one offence under Section 58(1) of the CMSA read with Section 34 of the Penal Code. They were granted bail of RM30,000 with two sureties and the same conditions.
Separately Anuar also faced another charge under Section 58(1) of the CMSA and was granted bail of RM30,000 with similar conditions.
The alleged offences occurred between March and October 2019 in Kuala Lumpur, Putrajaya, Selangor, and Johor. All three brothers claimed trial to all the charges.
If convicted, they could face a fine of up to RM10 million, imprisonment of up to 10 years, or both.