PETALING JAYA: The Securities Commission (SC) said it would be in touch with Malaysian Anti-Corruption Commission (MACC) chief commissioner Tan Sri Azam Baki and other parties involved for an explanation over the issue of him acquiring shares in two companies in 2015.
In a statement, SC said under section 25 of the Securities Industry (Central Depositories) Act 1991(SICDA), every securities account opened with a central depository must be in the name of the beneficial owner of the deposited securities or in the name of an authorised nominee.
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