Use of trading account by younger brother to buy shares not an issue, says Azam Baki

PUTRAJAYA: Tan Sri Azam Baki says it is not an issue that his younger brother used his trading account to purchase some shares.

When asked about this, the Malaysian Anti-Corruption Commission (MACC) chief commissioner said his brother Nasir had asked for permission and he had consented to it.

“I allowed this because I don’t see this as an issue. He wanted to borrow my trading account to buy shares in the open market.

"If this is wrong, please let me know that this is actually an offence,” he said at a press conference on Wednesday (Jan 3).

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.

The MACC advisory board had summoned him on Nov 24 to explain the matter, to which Azam said that it was his brother who had purchased the shares using his trading account.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Next In Nation

Vice Admiral Roslan is new NTF commander
Dry season: Sufficient underground water reserves to face eventualities, says Nadma
Corruption: Prevention is better than cure
HFMD: Nurseries the main vector for outbreaks, says Johor health exco
Kedah govt to fight rice 'cartels', ensure better yields, says Sanusi
Bersih, Malaysian Bar fail to refer constitutional questions on emergency to apex court
UKSB sponsored Ahmad Zahid's overseas trips, wife's birthday celebration, says witness
Involvement of professionals crucial for ongoing development and construction projects, says Dr Wee
Melaka school seeks public help to build multi-purpose hall
EC urged to explain delay behind Bugaya by-election despite 18-month vacancy

Others Also Read