KUALA LUMPUR (Aug 27): Transmile Group Bhd's founder and former chief executive officer Gan Boon Aun has today been found guilty by the Sessions Court for furnishing misleading financial statements to Bursa Malaysia in 2007.

Sessions Court judge Hasbullah Adam sentenced the 59-year-old to a RM2.5 million fine and one day in jail. However, in the event that he is not able to pay the fine by tomorrow, he faces 18 months' imprisonment.