The Securities Commission Malaysia (SC) today charged brothers Anuar Hassa ((Anuar), Mohd Amin Hassan (Amin) and Amir Hassan (Amir) at three separate Kuala Lumpur Sessions Courts for offences relating to unlicensed capital market activities.
Before Sessions Court Judge Puan Norma binti Ismail, Amin was charged with one charge under section 58(1) of the Capital Markets and Services Act 2007 (CMSA) for carrying on a business of dealing in securities.
He was granted bail of RM30,000 with two Malaysian sureties and imposed with two additional bail conditions of passport surrender to court and monthly reporting to the SC’s Investigating Officer.
Separately, Anuar and Amir faced two charges jointly under section 58(1) of the CMSA read together with section 34 of the Penal Code. They were each granted bail of RM30,000 respectively with two sureties and similar additional conditions.
They were each granted bail of RM20,000 respectively with two sureties and imposed with similar additional conditions as the previous court.
Separately, Amir was also charged with two charges under section 58(1) of the CMSA and was granted bail of RM30,000 and similar additional conditions. Before Sessions Court Judge Datin Surita binti Budin, Anuar and Amin were charged with one charge under section 58(1) of the CMSA read together with section 34 of the Penal Code and were granted bail of RM30,000 with two sureties and similar additional conditions.
Separately, Anuar faced another charge under section 58(1) of the CMSA and was granted bail of RM30,000 and similar additional conditions
All the charges against Anuar, Amin and Amir relate to their alleged conduct of carrying on a business of dealing in securities without SC’s Capital Markets Services Licence.
The offences allegedly took place between March 2019 and October 2019 in Kuala Lumpur, Putrajaya, Selangor and Johor. The three brothers claimed trial to all the charges.
If convicted, they face a fine not exceeding RM10 million or imprisonment for a term not exceeding 10 years, or both.
