Former deputy chair of shipping firm freed of insider trading charges

The High Court in Kuala Lumpur today acquitted and discharged the former executive deputy chairman of a shipping company, Malaysian Merchant Marine Berhad (MMM), on three charges of insider trading.

Judicial Commissioner Azhar Abdul Hamid set aside the conviction, the five-year jail sentence and the RM9 million fine imposed by the Sessions Court on R Ramesh, 57, on Sept 11, 2019, after finding him guilty of the charges...