2007( CMSA), and Securities Industry( Central Depositories) Act 1991( SICDA).“ In this regard, the

PETALING JAYA: The Securities Commission says it is unable to establish whether a breach of law had taken place in its investigation into the trading account of Malaysian Anti-Corruption Commission chief commissioner Tan Sri Azam Baki( pic). The SC said this was the outcome of its inquiry into Azam’s trading account.It noted that as a capital market regulator, its regulatory remit is set out under the Securities Commission Malaysia Act 1993( SCA), Capital Markets and Services Act 2007( CMSA) and

PETALING JAYA: An independent task force must be set up by Prime Minister Datuk Seri Ismail Sabri Yaakob to probe issues related to the share-trading account of Tan Sri Azam Baki, says the Centre to Combat Corruption and Cronyism( C4).“ Ismail Sabri must act immediately to convene a high-level task force to investigate the ‘Azam-gate’ fiasco, ” said C4 executive director Cynthia Gabriel in a statement on Tuesday afternoon( Jan 18). She reiterated C4’s position that only a full and independent pr

PETALING JAYA: Malaysian Anti-Corruption Commission( MACC) chief commissioner Tan Sri Azam Baki did not breach any laws pertaining to his share trading account, reiterates the Securities Commission( SC).In a brief statement, the SC said evidence gathered in its inquiry into Azam’s share trading account showed that the MACC chief was the named account holder and had control of the account.“ Azam operated the account that he had opened, in that he had given instructions to buy, sell and transfer s

PETALING JAYA: If the Securities Commission( SC) cannot determine whether there was a breach of regulation over the share trading account of Malaysian Anti-Corruption Commission( MACC) chief commissioner Tan Sri Azam Baki, then it should make public its findings so Malaysians can judge for themselves, says Tan Sri Dr Ramon Navaratnam. Ramon, a former senior civil servant, said it was necessary for the SC to disclose details of its findings in order to ensure its integrity as a national regulator

PETALING JAYA: Police will investigate a report against Malaysian Anti-Corruption Commission( MACC) chief commissioner Tan Sri Azam Baki following his admission that his younger brother had used his securities account to acquire shares in several companies. Home Minister Datuk Seri Hamzah Zainudin said they had taken note of the police report lodged against Azam.“ We just received the report, but we will investigate according to certain Acts, ” he said at a press conference during a visit to Tam

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 favou

PUTRAJAYA: A professional body has made its decision in the case of Tan Sri Azam Baki’s share trading issue and those unhappy with the outcome should ask the body, says Prime Minister Datuk Seri Ismail Sabri Yaakob( pic).He said there were calls for the Malaysian Anti-Corruption Agency( MACC) chief commissioner to be investigated and the Securities Commission( SC) had done so as the matter was under its purview.“ The SC announced its findings and again today( Jan 19), it gave further explanation

PETALING JAYA: The government should establish an independent inquiry to investigate the allegations against the Malaysian Anti-Corruption Commission( MACC) chief commissioner, after the Securities Commission( SC) was unable to conclusively determine the validity of these allegations, says Academic Prof Dr Edmund Terence Gomez. Gomez, who had resigned from the MACC Consultation and Corruption Prevention Panel in protest over the panel's inaction towards the allegations against Tan Sri Azam Baki,