eyehub was right about

KIMLUN below $1.30 by 31-Mar-2012

  • target price: $1.30 ( -7.14 % in 91 days)
  • price when predicted: $1.40
  • current price: $2.25
  • 2029 days pass target date.
  • Below $1.30 on 04-Jan-2012
  • Lowest Price $1.30 on 04-Jan-2012
Kimlun been investigated by Malaysian Anti-Corruption Commission, more problems will come into the company!

Wednesday, 28 December 2011 17:17

JOHOR BAHARU (Dec 28): A former senior vice-president of Iskandar Investment Bhd, Rostam Razali, was fined RM20,000 the Sessions Court here on Wednesday for disclosing information on the estimated tender price for a road project three ago.

Judge Mohd Nasir Nordin handed down the sentence on Rostam, 51, from Bandar Baru Bangi, Selangor, after he pleaded to the charge.

Rostam was charged with using information acquired by virtue of his position as an officer in the company for his benefit disclosing the estimated tender price for the road project, "Projek 3: Pakej 3B-Pembinaan dan penyiapan Jalan Abu Bakar Interchange", here to a chief executive officer of Kimlun Sdn Bhd, Sim Tian Liang, at the office of the South Johor Investment Corporation Bhd, now as Iskandar Investment Bhd, here in early April 2008.

The offence, under Section 132(2)(b) of the Companies Act and punishable under Section 132(3), carries an imprisonment five years and RM30,000 fine.

According to the facts of the case, Rostam had obtained the information from the project consultant, ARH Jurukur Bahan Bhd, and then passed it on to Sim.

Following which, Kimlun Sdn Bhd won the tender for the project on Oct 21, 2008.

Deputy Public Prosecutor from the Malaysian Anti-Corruption Commission, Noor Fazlin Hamdan, prosecuted, while Rostam
was represented by lawyer Muhammad Afiq Mohamad Noor.
Rostam paid the fine. - Bernama
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