SINGAPORE - Indonesian tycoon and former chief executive of offshore and marine company KS Energy Kris Taenar Wiluan was fined $480,000 after pleading guilty on Wednesday (May 19) to three charges of market rigging.
He had been handed 112 charges of violating Section 197 of the Securities and Futures Act for giving instructions to push up or maintain the price of KS Energy shares on 112 trading days between 19 December 2014 and 13 September 2016. However, these charges were later amended to six amalgamated charges covering the same period.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you
