Wednesday, January 12, 2011

CUSTODIAL SENTENCE is the name of the game

CUSTODIAL SENTENCE or JAIL SENTENCE is the NEW NAME OF THE SENTENCE for those who have been convicted FOR THE FOLLOWING OFFENCES:-

1) Share Market Manipulation.

2) Insider Trading

3) Artificially inflating the Revenue and Profit of the company by issuing FALSE INVOICES.

4) Illegally Taking Deposits.

Previously,the Court only FINED the guilty party. After a lot of investors criticism of the recent case where Lybrand Ngu was fined RM 1.2 Million for issuing many miliions of FALSE INVOICES, the court have decided that CUSTODIAL SENTENCE MUST BE APPLIED in order to prevent the occurrence of all the offences listed above. This is because all the offenders are MILLIONAIRES who can easily pay off the fined and fining them is not a deterence.

The first person to face the new ruling is Raja Asma who was Jailed for 5 years for iLLEGALLY Taking Deposit.

The second case for this Custodial ruling is when Philip Wong was sentence to 2 years and Francis Bun 3 months in Jail for market manipulation.

The objective of custodial sentence is

A) to be a DETERENCE so that they is no REPEATATION of the offences listed above.

B) TO HIGHLIGHT THE SERIOUSNESS of the offences.

Therefore,we hope that with custodial sentence,the offences listed above will be reduce greatly and investos especially the small time retail investors will be protected from incurring big losses.