Money

Supermax MD Stanley Thai jailed five years for insider trading

Supermax MD Stanley Thai jailed five years for insider trading

November 24, 2017

KUALA LUMPUR, Nov 24 — Glove manufacturing tycoon Datuk Seri Stanley Thai was sentenced to five years’ imprisonment and an RM5 million fine today for insider trading, but was granted a stay of execution. The Securities Commission said that the Kuala Lumpur Sessions Court had convicted Thai of committing the offence as then chief executive officer (CEO) of APL Industries Bhd (APLI), an investment holding company that manufactured and sold latex examination gloves. Thai is... Read more

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Picture of the Day

Shoppers reach out for television sets as they compete to purchase retail items on Black Friday at a store in Sao Paulo November 24, 2017. — Reuters pic

Shoppers reach out for television sets as they compete to purchase retail items on Black Friday at a store in Sao Paulo November 24, 2017. — Reuters pic Read More