PKR MPs lodge police report against Azam over share issue

KUALA LUMPUR: Several PKR MPs have lodged a police report against Malaysian Anti-Corruption Commission (MACC) chief commissioner Tan Sri Azam Baki (pic) following his admission that his younger brother had used his securities account to acquire shares in several companies.

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 at the Dang Wangi district police headquarters here. Speaking to reporters after making the report, Fahmi said they urged police to conduct a thorough investigation under Section 25 of the Securities Industry (Central Depositories) Act 1991 (SICDA) and Public Service Circular No.

3, 2002. Fahmi said Azam should also be temporarily relieved of his post until the investigation was completed.

“If the investigation proves that he did not commit any wrongdoing, he can continue serving,” he added. Fahmi also wanted investigations to be conducted by a third party or an independent body like Parliament or the Royal Commission of Inquiry. Meanwhile, Akmal Nasrullah said police should also investigate the source of funds used by Azam’s brother for the share purchase.

In a press conference on Wednesday (Jan 5) Azam said he had explained to the Anti-Corruption Advisory Board that his share account had been used by his brother to buy shares in the open market with the latter’s own financing.

The Securities Commission in a statement yesterday said it would seek clarification from Azam and also gather evidence on the use of his share trading account by his brother Nasir to buy shares in 2015.

According to the statement, Section 25 of SICDA stipulates that every securities account opened with the central depositories must use the name of the beneficial owner or the authorised nominee of the securities. – Bernama

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