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Former CIMB Banker Admits Insider Trades

Alan Tay Yeow Kee, a former CIMB Group Holdings Bhd. banker, admitted to insider trading on two stocks before the companies received takeover offers. He pleaded guilty to trading on price-sensitive information and was fined S$180,000 ($130,000).

“He pleaded guilty to trading on price-sensitive information and was fined S$180,000 ($130,000).”

He bought shares in Qualitas Medical Group Ltd. and welding products supplier Leeden Ltd. in 2011 before the information he had was publicly available.

News Source: Bloomberg

 

About CIMB

CIMB Private Bank Thumbnail LogoCIMB Group is a leading ASEAN universal bank, one of the largest Asian investment banks and one of the world’s largest Islamic banks. We are headquartered in Kuala Lumpur, Malaysia and offer consumer banking, commercial banking, wholesale banking, Islamic banking and asset management products and services.  As the fifth largest banking group in ASEAN, we have over 40,000 staff in 16 locations across ASEAN, Asia and beyond.

  • Origin: Kuala Lumpur, Malaysia
  • Assets: US$120 billion
  • Revenue: US$ 4.8 billion
  • Employees: Over 40,000

Official Website: www.cimb.com

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News & Media: Press Release

Updated on 8th August 2016



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