Police reports against MACC chief Azam Baki over his shareholdings scandal have been sent to the Securities Commission for further action, said Bukit Aman CID director Abd Jalil Hassan.
He said this in a brief statement confirming that police had received reports on Azam (above).
Various Pakatan Harapan leaders lodged police reports at the Dang Wangi district police headquarters calling for a probe yesterday.
Azam has been under fire after it emerged that he held millions in shares and warrants in two publicly listed companies during his tenure as MACC investigations director.
The MACC chief claimed his brother had used his account to buy the shares and denied any wrongdoing.
It was reported yesterday that Azam was being investigated under the Securities Commission Malaysia Act.
The SC had said that it would reach out to Azam over his shareholding activities.
Section 25 of the Securities Industry (Central Depositories) Act 1991 (Sicda) states that every security account opened with a central depository must be in the name of the beneficial owner of the deposited securities or in the name of an authorised nominee.
The offence under Section 25 is punishable with a fine of up to RM3 million or imprisonment of up to 10 years or both.
Azam has said that he has the documents to prove he did nothing wrong and will fight the accusations against him. - Mkini
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.