Set up independent inquiry to probe Azam Baki shares issue, urge civil society groups

Set up independent inquiry to probe Azam Baki shares issue, urge civil society groups

Securities Commission, Macc

23/1/2022 6:03:00 AM

Set up independent inquiry to probe Azam Baki shares issue, urge civil society groups

PETALING JAYA: The Securities Commission (SC), along with an independent inquiry, should investigate the issue surrounding Tan Sri Azam Baki ’s trading account to determine whether the Malaysian Anti-Corruption Commission chief commissioner had broken government rules, urged six civil society organisations.

All had said in the statement that the SC had declared that Azam had managed the shares trading account himself, which contradicted Azam's statement earlier that the account was used by his brother to avoid a conflict of interest.“The Securities Commission should clarify whether any shares in Tan Sri Azam Zaki’s trading account were purchased and paid by his brother. If so, there should be a document executed by Tan Sri Azam Zaki authorising his brother to use his trading account.

“If this is true, then Tan Sri Azam Baki, who at the material time in 2015 held the position of MACC investigation director, had purchased shares above RM100,000 in amount, which contravenes government rules,” said the civil society groups.The statement noted that according to Section 10 of the Public Officers (Conduct and Discipline) Regulations 1993, all civil servants are required to declare any purchase of shares to their Head of Department.

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