What was the amount ordered for insider trading profits?

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The High Court Ordered RM1.99 Million for Insider Trading Profits

The High Court mandated that Sreesanthan pay the Securities Commission (SC) RM1.99 million, representing three times the profits accrued from his insider trading activities. This ruling also included a civil penalty of RM1 million and a 10-year prohibition from serving as a director of any listed company, effective from November 18, 2020.
Insider Trading Profits Recouped

Sreesanthan was found to have engaged in insider trading concerning Worldwide Holdings Bhd shares in 2006. As a consequence, the High Court ordered him to remit RM1.99 million to the Securities Commission. This sum was explicitly calculated as triple the financial gains derived from the illegal trading of shares.
Additional Civil Penalty Imposed

Beyond the repayment of illicit profits, Sreesanthan was also subjected to a substantial civil penalty. The High Court directed him to pay an additional RM1 million to the Securities Commission. This penalty underscores the severity of the insider trading offence.
Director Disqualification

Furthermore, Sreesanthan faced a significant restriction on his future involvement in the corporate sector. He was barred from holding directorships in any publicly listed company for a period of ten years. This disqualification commenced on November 18, 2020, and is intended to prevent further misconduct within the capital markets.

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What was the amount ordered for insider trading profits?

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