Securities Commission’s turn to look into MACC chief’s admission of proxy stock trading, says Kepong MP | Malay Mail

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Securities Commission’s turn to look into MACC chief’s admission of proxy stock trading, says Kepong MP

KUALA LUMPUR, Jan 6 — An Opposition MP today called on the Securities Commission to conduct a full probe on Malaysia Anti-Corruption Commission chief Datuk Seri Azam Baki for a possible violation of stock trading laws.

“The SC has the duty to state if Azam Baki has breached any securities law,” Lim said in a statement. He added that subsection of the same law states that anyone who breaches it is guilty of an offence. “This is in breach of section 25 of SICDA which provides that any securities account opened must be in the name of the beneficial owner,” he said.

 

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