Kuala Lumpur, 12 March 2026 – The Securities Commission Malaysia (SC) has obtained a warrant of arrest against the former chairman of Serba Dinamik Holdings Bhd’s affiliate Serba Construction Sdn Bhd (SCIB) over allegations of furnishing a false statement to Bursa Malaysia.
In a statement, the SC said the 61-year-old suspect is currently at large and is wanted for an offence under Section 369(b)(B) of the Capital Markets and Services Act 2007, which relates to making false or misleading statements to a stock exchange.
The regulator said the arrest warrant was issued after the individual failed to appear in court to face the charge. Authorities are now seeking assistance to locate the former corporate figure.
Alleged False Statement to Bursa Malaysia
The case centres on allegations that the accused provided false information to Bursa Malaysia, which is responsible for regulating listed companies and ensuring transparency within Malaysia’s capital markets.
Under Malaysia’s securities laws, furnishing false or misleading statements to the stock exchange is considered a serious offence because such actions can distort market disclosures and potentially mislead investors.
If convicted, the offence may carry substantial financial penalties, imprisonment, or both, depending on the severity of the breach and the court’s ruling.
Enforcement Focus on Market Integrity
The SC reiterated its commitment to enforcing securities laws and maintaining integrity, transparency and accountability within Malaysia’s capital markets.
Regulators have stepped up enforcement actions in recent years as part of broader efforts to strengthen corporate governance and protect investor confidence.
Market observers note that enforcement actions involving senior executives or directors highlight the regulator’s ongoing efforts to ensure that listed companies comply fully with disclosure requirements and market regulations.
The case will proceed once the accused is apprehended and brought before the court.
