MACC advisory board clears Azam on share purchase

[superadmin]

PUTRAJAYA: The Anti-Corruption Advisory Board (ACAB) has cleared Malaysian Anti-Corruption Commission (MACC) chief Azam Baki of any wrongdoing over his purchase of corporate shares.

At a press conference this afternoon, board chairman Abu Zahar Ujang said they had sought an explanation from Azam on the matter.

“Azam had explained that his share account was used by his brother, Nasir, to purchase shares that he (Azam) did not have any pecuniary interest in.

“The purchase of shares was made in the open market in 2015 and there was no conflict of interests,” he said.

The shares were then transferred to Nasir’s account that same year, said Abu Zahar.

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