PUTRAJAYA: Tan Sri Azam Baki is thankful for the decision by the Securities Commission which “found that he did not commit any offence” over the shares trading account issue.
“I have been informed by the SC that the inquiry into the matter has been concluded. As such, it has closed the inquiry file accordingly.
“With that, I will continue my responsibilities as the chief commissioner of the Malaysian Anti-Corruption Commission (MACC) to fight corruption in the country without fear or favour,” he said in a statement on Tuesday (Jan 18).
The Securities Commission said it had not been able to establish that there was a breach of regulations with relation to the Azam’s shares trading account.
“The SC has concluded its enquiry and based on the evidence gathered, the SC is not able to conclusively establish that a breach under Section 25(4) Securities Industry (Central Depositories) Act 1991 (SICDA) has occurred,” it said in a statement on Tuesday.
Allegations recently surfaced that Azam owned a substantial number of shares in two companies between 2015 and 2016 when he was the MACC director of investigations.