SC says Azam Baki owned and operated his trading account


The Securities Commission says evidence shows that MACC chief commissioner Azam Baki ‘is the named account holder and had control of the said trading account’ and that he ‘operated the account that he had opened, in that he had given instructions to buy, sell and transfer securities from the said account’. – The Malaysian Insight file pic, January 19, 2022.

AZAM Baki opened, owned and operated his trading account and, therefore, he did not breach any rules, the Securities Commission said, disputing the anti-graft agency chief commissioner’s claim that his brother had used it.

A day after the regulator’s first statement that it was “not able to conclusively establish” if the Malaysian Anti-Corruption Commission (MACC) chief had breached the law on the use of trading accounts, SC today said it wished to clarify its “independent evidence gathered at the inquiry” into Azam’s trading account.


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Comments


  • What next bro?

    Posted 4 months ago by DENGKI KE?