Category: Securities Industry Act

Letter – Standing Order 18(1) to move an adjournment of the House on a matter of urgent, definite public importance

17th July 1993

Tan Sri Yang di Pertua,
Dewan Rakyat,
Parlimen,
Kuala Lumpur.

YB Tan Sri,

Standing Order 18(1) to move an adjournment of the House on a matter of urgent, definite public importance

This is to give notice under Standing Order 18(2} that I wish to move the following motion to seek leave of the House to adjourn the House on a matter of urgent, definite public importance, namely, the Union Paper Holdings Sdn.Bhd. shares scandal: Continue reading Letter – Standing Order 18(1) to move an adjournment of the House on a matter of urgent, definite public importance

DAP calls on Finance Minister, Anwar- Ibrahim to introduce amendments to the Securities Industry Act in the forthcoming Parliamentary meeting to prevent a recurrence of the Union Paper scandal and ensure an orderly, fair and transparent KLSE instead of operating like a casino

by Parliamentary Opposition Leader, DAP Secretary-General and MP for Tanjung, Lint Kit Siang, in Petalinq Jaya on Friday, 16th July 1993:

DAP calls on Finance Minister, Anwar- Ibrahim to introduce amendments to the Securities Industry Act in the forthcoming Parliamentary meeting to prevent a recurrence of the Union Paper scandal and ensure an orderly, fair and transparent KLSE instead of operating like a casino

The Union Paper Holdings Bhd. (UPHB) shares scandal would not have occurred if the Kuala Lumpur Stock Exchange (KLSE) and the Securities Commission had been effective in ensuring an orderly, fair and transparent KLSE instead of allowing the KLSE to operate like a casino. Continue reading DAP calls on Finance Minister, Anwar- Ibrahim to introduce amendments to the Securities Industry Act in the forthcoming Parliamentary meeting to prevent a recurrence of the Union Paper scandal and ensure an orderly, fair and transparent KLSE instead of operating like a casino

Kit Siang calls on Finance Minister, Anwar Ibrahim, to invoke his powers for the first time under Securities Industry Act 1983 to direct an investigation by Registrar of Companies into the $3-$5 million shares scam involving illegal shares dealing in Tampin

Kit Siang calls on Finance Minister, Anwar Ibrahim, to invoke his powers for the first time under Securities Industry Act 1983 to direct an investigation by Registrar of Companies into the $3-$5 million shares scam involving illegal shares dealing in Tampin

Parliamentary opposition Leader, DAP Secretary-General and MP for Tanjung, Lim Kit Siang, last night called on the Finance Minister, Anwar Ibrahim, to invoke his powers for the first time under Section 102 of the Securities Industry Act 1983 to direct the Registrar of Companies to investigate into the $3-$5 million shares scam involving illegal shares dealing in Tampin.

Mr.Lim said that what has happened in a small town like Tampin, where some 100 small invertors may have lost $3 to $5 million from the shares scam involving illegal shares dealing, could the the tin of a national icebero which could amount to hundreds of millions of ringgit. Continue reading Kit Siang calls on Finance Minister, Anwar Ibrahim, to invoke his powers for the first time under Securities Industry Act 1983 to direct an investigation by Registrar of Companies into the $3-$5 million shares scam involving illegal shares dealing in Tampin