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Court of Appeal Upholds RM5.83 Million Insider Trading Judgment Against Former WCT Executive

By Abigail Cheong3 min read

Kuala Lumpur, 14 July 2026 – Malaysia’s Court of Appeal has unanimously upheld a 2022 High Court ruling that found former WCT Bhd deputy managing director Goh Chin Liong and Ara Holdings Sdn Bhd director Leong Ah Chai liable for insider trading.

The appellate court also affirmed orders requiring the two defendants to pay a combined RM5.83 million to the Securities Commission Malaysia for breaches of the Capital Markets and Services Act 2007.

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Author

  • I am Abigail, a journalist at The Ledger Asia, covering business and finance with a focus on the Malaysian Stock Market and key economic developments across Asia. Known for clear, accessible reporting, I deliver insights that help readers understand market trends, corporate movements, and regional news shaping the Asian economy.