PETALING JAYA: Police will investigate a report in opposition to Malaysian Anti-Corruption Commission (MACC) chief commissioner Tan Sri Azam Baki following his admission that his youthful brother had used his securities account to purchase shares in a number of corporations.
Home Minister Datuk Seri Hamzah Zainudin stated they’d taken observe of the police report lodged in opposition to Azam.
“We just received the report, but we will investigate according to certain Acts,” he stated at a press convention throughout a go to to Taman Sri Nanding flood victims in Hulu Langat yesterday, the place he additionally handed over id paperwork to those that misplaced theirs throughout the flood.
Earlier yesterday, PKR Youth chief and Johor Baru MP Akmal Nasrullah Mohd Nasir, Fahmi Fadzil (Lembah Pantai), Maria Chin Abdullah (Petaling Jaya) and Dr Mazlee Malik (Simpang Rengam) lodged the report on the Dang Wangi district police headquarters.
Fahmi advised reporters they’d urged the police to conduct an intensive investigation beneath Section 25 of the Securities Industry (Central Depositories) Act 1991 (Sicda) and Public Service Circular No. 3, 2002.
Fahmi stated Azam also needs to be quickly relieved of his submit till the probe was accomplished.
“If the investigation proves that he did not commit any wrongdoing, he can continue serving,” he added.
Fahmi additionally wished investigations performed by a 3rd get together or an impartial physique reminiscent of Parliament or the Royal Commission of Inquiry.
Akmal Nasrullah stated police also needs to investigate the supply of funds utilized by Azam’s brother for the share buy.
At a press convention on Wednesday, Azam stated he had defined the matter to the Anti-Corruption Advisory Board, claiming that his share account had been utilized by his brother to purchase shares within the open market with the latter’s financing.
In a press release on Thursday, the Securities Commission stated it will search clarification from Azam and collect proof on using his share buying and selling account by his brother Nasir to purchase shares in 2015.
According to the assertion, Section 25 of Sicda stipulates that each securities account opened with the central depository should use the useful proprietor’s title or the authorised nominee of the securities. — Bernama
