Azam Baki: No explanation necessary on shares because no offence committed

PUTRAJAYA: No explanation was needed because no offence was committed with regards to the shares, says Tan Sri Azam Baki.

The Malaysian Anti-Corruption Commission (MACC) chief commissioner said there was no need for him to come forward and explain the matter to the public.

“The point is that I did not purchase the shares, but it was done by my brother who borrowed my trading account to do so,” he said in response to media questions.

He added that when called up by the MACC advisory board, he gave an explanation detailing what had transpired in 2015.

“As the chief commissioner of the MACC, I am answerable to the advisory board,” he said.

To another question, Azam said while they were no need for him to declare the shares trading to the agency, he did so.

“I had taken the initiative to inform my superior back then on the shares trading. I informed them of what was going on and said then that I did not have any pecuniary interest in the acquired shares,” said Azam.

“My superiors back in were satisfied with the explanation given,” he added.

Allegations had surfaced that Azam owned a substantial amount of shares in Gets Global Bhd, as well as Excel Force MSC Bhd between 2015 and 2016, when he was the MACC director of investigations.