{"id":13058,"date":"2022-01-18T19:45:43","date_gmt":"2022-01-18T11:45:43","guid":{"rendered":"https:\/\/newmalaysiatimes.com\/?p=13058"},"modified":"2022-01-18T19:45:44","modified_gmt":"2022-01-18T11:45:44","slug":"sc-clears-azam-says-no-laws-breached-in-shares-ownership","status":"publish","type":"post","link":"https:\/\/newmalaysiatimes.com\/?p=13058","title":{"rendered":"SC clears Azam, says no laws breached in shares ownership"},"content":{"rendered":"\n

Kuala Lumpur, Jan 18 — The Securities Commission Malaysia (SC) says it cannot \u201cconclusively establish\u201d<\/em> if Malaysian Anti-Corruption Commission (MACC) chief Azam Baki broke the law over his ownership of shares.<\/p>\n\n\n\n

In clearing Azam Baki following an investigation into allegations accusing him of conflict of interest in the purchase of shares, the SC said the MACC chief had not breached any laws.<\/p>\n\n\n\n

The market regulator said, \u201cthe SC has concluded its inquiry, and based on the evidence gathered, the SC is not able to conclusively establish that a breach under Section 24(4) of SICDA has occurred.”<\/em><\/p>\n\n\n\n

\"SC\"<\/figure><\/div>\n\n\n\n

It said its investigation was centered on a claim that Azam had breached the Securities Central Depository Act 1991 (SICDA), which states that a trading account must be opened in the name of the beneficial owner or the authorized nominee.<\/p>\n\n\n\n

\u201cAs such, the SC has closed its inquiry file accordingly.\u201d<\/em><\/p>\n\n\n\n

Azam had been due for questioning by the Parliamentary Select Committee on Agencies under the Prime Minister\u2019s Department, a committee comprising MPs from Pakatan Harapan, Perikatan Nasional, Barisan Nasional as well as GPS and Warisan.<\/p>\n\n\n\n

He was under investigation over claims of conflict of interest in the purchase of company shares following a series of blog articles by an activist linked to local NGO C4 Center.<\/p>\n\n\n\n

He later issued a demand letter to the writer of the articles, Lalitha Kunaratnam, with the MACC lodging a police report against her describing her claims as false and unsubstantiated by evidence.<\/p>\n\n\n\n

Azam had also been under fire from top Pakatan Harapan leaders who called for him to go on leave and for MACC\u2019s Anti-Corruption Advisory Board chairman Abu Zahar Ujang to be investigated after the latter cleared Azam of allegations of conflict of interest.<\/p>\n\n\n\n

But Azam said last week that there was no need for him to step down, adding that only the Yang di-Pertuan Agong could give such instruction.<\/p>\n\n\n\n

NMT<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Kuala Lumpur, Jan 18 — The Securities Commission Malaysia (SC) says it cannot \u201cconclusively establish\u201d…<\/p>\n","protected":false},"author":1,"featured_media":12959,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[524],"tags":[],"class_list":["post-13058","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-nation"],"featured_image_urls":{"full":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2022\/01\/Azam_Baki_-_bernama_pic.jpg",800,533,false],"thumbnail":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2022\/01\/Azam_Baki_-_bernama_pic-150x150.jpg",150,150,true],"medium":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2022\/01\/Azam_Baki_-_bernama_pic-300x200.jpg",300,200,true],"medium_large":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2022\/01\/Azam_Baki_-_bernama_pic-768x512.jpg",640,427,true],"large":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2022\/01\/Azam_Baki_-_bernama_pic.jpg",640,426,false],"1536x1536":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2022\/01\/Azam_Baki_-_bernama_pic.jpg",800,533,false],"2048x2048":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2022\/01\/Azam_Baki_-_bernama_pic.jpg",800,533,false],"newsium-slider-full":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2022\/01\/Azam_Baki_-_bernama_pic.jpg",800,533,false],"newsium-featured":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2022\/01\/Azam_Baki_-_bernama_pic.jpg",800,533,false],"newsium-medium":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2022\/01\/Azam_Baki_-_bernama_pic.jpg",713,475,false]},"author_info":{"info":["Editor"]},"category_info":"Nation<\/a>","tag_info":"Nation","comment_count":"0","_links":{"self":[{"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/posts\/13058","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13058"}],"version-history":[{"count":1,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/posts\/13058\/revisions"}],"predecessor-version":[{"id":13059,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/posts\/13058\/revisions\/13059"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/media\/12959"}],"wp:attachment":[{"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13058"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13058"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13058"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}