Audit Partner Jailed a Year, Fined RM400,000 for Misleading Statement to Bursa

KUALA LUMPUR: The KL Sessions Court on Wednesday convicted a licensed audit partner for abetting listed cable support system maker United U-Li Corp Bhd in making a misleading statement to Bursa Malaysia Securities Bhd.

The Securities Commission (SC) said in a statement that Yue Chi Kin, 47, was sentenced to a year in jail and was also ordered to pay a fine of RM400,000, in default six months of imprisonment.