This article first appeared in The Edge Financial Daily on March 27, 2018

KUALA LUMPUR: The Court of Appeal has dismissed an application filed by former director of LFE Corp Bhd Alan Rajendram Jeya Rajendram against his conviction for furnishing false statements to Bursa Securities in 2007.

In a statement yesterday, the Securities Commission Malaysia (SC) said the Court of Appeal last Friday dismissed the application, with Alan ordered to serve his jail sentence with immediate effect.

“A three-panel bench presided by Justices Datuk Abang Iskandar Abang Hashim, Datuk Abdul Rahman Sebli and Datuk Yaacob Md Sam found no merit in the appeal filed by Alan, and that the prosecution had proven the case beyond a reasonable doubt,” the regulator added.

In 2012, Alan, 62, was sentenced to one year’s jail and fined a total of RM1.2 million after being convicted by the Sessions Court of four charges of knowingly permitting the furnishing of false statements by LFE to Bursa.

Alan’s appeal against the Sessions Court decision was dismissed by the High Court on Nov 28, 2016, following which he lodged an appeal to the Court of Appeal.

The false statements were in relation to fictitious purchases of RM119 million made by LFE International Ltd, a subsidiary of LFE, in all four quarters of LFE’s unaudited financial results for the financial year ended Dec 31, 2007.