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FORMER National Kidney Foundation board member Matilda Chua was found guilty on Thursday for falsifying accounts in her company.
But the court acquitted her on the share-rigging charges. She will be sentenced on Friday.
The 38-year-old, along with two others, was accused of being involved in a2001 sale of 10 million allegedly discounted shares in WizOffice, an e-commerce company.
She allegedly manipulated the stock market in the deal with former WizOffice chief Seah Chin Yew, 34, and his father Seah Say Yoong, 70.
Chua is said to have authorised the sale of the shares from call-centre companyGlobal Net Relations (GNR) - which she founded - to Seah Holdings, a property investment firm run by the elder Seah.
She allegedly reported the sale at a price of 4.5 cents a share, when the actual transaction rate was 3 cents.
She is said to have given the younger Seah a $150,000 discount in the transaction, with the amount coming from GNR's coffers.
The younger Seah allegedly twice instigated her to cook GNR's books to cover up the $150,000 payment.
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