Civil societies call for clarification on SC’s statement on Azam’s shares trading

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Civil societies call for clarification, say SC’s statement on Azam Baki’s shares may have contradicted govt rules

KUALA LUMPUR, Jan 23 — The Securities Commission (SC) needs to provide documentary evidence and properly explain the share transactions in Tan Sri Azam Baki’s account for transparency’s sake, seven civil society groups said today.

The Institute for Democracy and Economic Affairs; Transparency International Malaysia; Centre to Combat Corruption and Cronyism; Coalition for Clean and Fair Elections (Bersih 2.0); RasuahBusters; Gabungan Bertindak Malaysia; and Undi18, said the controversy surrounding the Malaysian Anti-Corruption Commission (MACC) chief’s share acquisition in 2015 were no clearer despite the SC’s second statement.

In a joint statement, the seven groups noted there were apparent contradictions in the SC’s statements on the issue and urged the regulator to clarify whether any shares in Azam’s trading account were purchased and paid by his brother Nasir as the MACC chief alleged, and provide the documentary evidence showing to corroborate this. 

They highlighted the statement issued by the SC where the regulatory body had stated the shares trading account was managed by Azam himself, which contradicted Azam’s previous statement mentioning the account was used by his brother to avoid a conflict of interest.

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