15 Nov 2006



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KUALA LUMPUR: Former Repco Holdings Bhd executive chairman Low Thiam Hock was acquitted without his defence being called for over alleged manipulation of company shares nine years ago.

Sessions Court president Akhtar Tahir said the prosecution had failed to establish a prima facie case against "Repco Low".

He said the prosecution had also failed to prove that Low had instructed a representative of Sime Securities Sdn Bhd to buy Repco Holdings shares by taking up any offer prices of the shares by sellers on the Kuala Lumpur Stock Exchange.

This was allegedly calculated to create a misleading appearance with respect to the price of the company's shares on the KLSE.

Akhtar said it was also uncertain whether the accused himself was aware of the action of the securities company's representative in purchasing the shares at an offer price.

The judge said the charge would not be amended as that was the function of the prosecution.

Low, 45, from Kota Kinabalu, Sabah, is alleged to have committed the offence at the 21st floor of Sime Securities, Bangunan Sime Bank, on Jalan Sultan Sulaiman here between 11am and 5pm on Dec 3, 1997.

The offence, under the Securities Industry Act 1983, is punishable with a minimum fine of RM1 million and jail of up to 10 years.

It show that Repco Low has more money and he can buy his way out. Since our enforcement earn soo little as compare to any developed countries, money is nothing to Repco Low.

It is not considered the most chase but rather a star counter people called 'King of the share' since his company, Repco is the most expensive share more than RM2xx.

200+ when that shares reached that price?

If the chairman is found guilty? can the investors get back their money?

My mom is one of the victims. Suppose to be investment now turns to debting. Hard earns money just diminish like tat. All thanks to Innosabah & this Repco. Untill now we are still paying the debts. Parents is already 60++ still working just for settling the debts. All the honeymoon no more.

Look at innosabah how much it worths now, even 1 pisang goreng also cannot buy.

May be my mistake, I only remember hundred something, oh, it should be Sungai Bagan that hit Rm2xx. since I remembered one stock ever touched Rm2xx.

The news not really surprise me indeed. People like that, it's hard to catch him. I think still got many of these type of person exist.

I get to contact with Low Thiam Hock through 2nd/3rd person...Currently playing KBES...