KUALA LUMPUR, Jan 13 — The Securities Commission of Malaysia will be calling up the brother of Tan Sri Azam Baki for an interview over alleged violation of stock trading laws by the Malaysian Anti-Corruption Commission chief commissioner.
On January 5, Azam in a news conference admitted that he had allowed his brother Nasir to use his share trading account to buy the shares, but insisted he had not committed any wrongdoing and said he had no interest or benefit in those shares.It is understood that the SC had not been informed of Azam authorising his brother to use his trading account up until Azam’s public disclosure on January 5.
The law aims to prevent market manipulation and insider trading since a person with inside information could open multiple accounts and trade and share profits with account holders.
If the brother confirms using Azam's account, both have breached SC rules. If the brother denies it, it makes his brother a liar.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
MACC chief Azam Baki to explain stock trading saga before parliamentary committee next week, says MP | Malay MailKUALA LUMPUR, Jan 13 — Tan Sri Azam Baki has been summoned to meet the Parliamentary Special Select Committee (PSC) on Agencies under the Prime Minister’s Department next week to explain his involvement in the recent stock-trading controversy. One of the PSC members, Kota Kinabalu MP Chan Foong... ....but he has yet to agree to appear..
Source: malaymail - 🏆 1. / 86 Read more »
Azam Baki: Only Agong can decide my fatePETALING JAYA: Tan Sri Azam Baki said he will not step down as the chief of the Malaysian Anti-Corruption Commission (MACC) nor will he heed demands t... bukan ke protocol dlm perlembagaan, Agong hnya akan bertindak atas nasehat PM....correct me if am wrong?
Source: theSundaily - 🏆 25. / 51 Read more »
Pakatan presidential council wants special parliamentary sitting to debate MACC's Azam Baki issuePETALING JAYA: A special parliamentary sitting must be held to debate the issue involving Malaysian Anti-Corruption Commission (MACC) chief Tan Sri Azam Baki, says Pakatan Harapan. No special parliamentary sitting when guan eng kantoi sakau rasuah masuk dlm akaun public bank bini? Wasting time. Since IsmailSabri60 has no guts or taking any kind of action hopefully YDPA will get involve makes thing right. Sack/remove/put on leave till investigation completes. PDRMsia may give priority into this case so we know truth faster. corruption malaymail
Source: staronline - 🏆 4. / 75 Read more »
Azam sues whistleblower for defamationPETALING JAYA: MACC chief Tan Sri Azam Baki (pix) has filed a defamation suit against journalist Lalitha Kunaratnam, demanding RM10 million in damages...
Source: theSundaily - 🏆 25. / 51 Read more »
MACC chief Azam Baki sues anti-graft activist for defamationPUTRAJAYA: Embattled MACC chief commissioner Tan Sri Azam Baki has filed a defamation suit against anti-graft activist Lalitha Kunaratnam. based AzamBaki is following DonaldTrump: when all else fails, just sue them! TrustNoOne
Source: staronline - 🏆 4. / 75 Read more »
Harapan chiefs want Azam Baki, Abu Zahar suspended pending probeInvestigations by independent bodies unrelated to the MACC are required.
Source: malaysiakini - 🏆 20. / 51 Read more »