Integrated oil and gas engineering services provider Serba Dinamik Holdings Berhad, two of its directors and two senior executive officers were acquitted and discharged by four Sessions Courts today from charges of submitting false statements to Bursa Malaysia Securities Berhad after they settled a total fine of RM15 million.

They comprise Serba Dinamik Group chief executive officer (Group CEO) Mohd Abdul Karim Abdullah, Group chief financial officer (CFO) Azhan Azmi, non-independent executive director Syed Nazim Syed Faisal and deputy president of accounts and finance Muhammad Hafiz Othman.

Judges Kamarudin Kamsun, Ahmad Kamar Jamaluddin, Emelia Kaswati Mohamad Khalid, and Sabariah Othman granted the discharge and acquittal after...