KS Energy CEO Kris Wiluan faces 112 charges for alleged false trading, market rigging
Thu, Aug 06, 2020 - 5:50 AM
"All my share purchases in KS Energy were disclosed at the time of the transactions and publicly announced to SGX. I have never intended to create any false trading or market rigging transactions and have always abided by the rule of law," says Wiluan.
BT PHOTO: WONG KWAI CHOW
INDONESIAN tycoon and chief executive of offshore and marine company KS Energy, Kris Taenar Wiluan, was slapped on Wednesday morning with 112 charges in relation to violations of Section 197 of the Securities and Futures Act, which deals with false trading and market-rigging...