The issue of replacing Azam Baki as the MACC chief does not arise as he has been cleared by the Securities Commission (SC) on the proxy stock trading scandal, said de facto Law Minister Wan Junaidi Tuanku Jaafar.
In a written parliamentary reply, he said the finding by the SC should be accepted by all parties.
"The issue which was disputed by the opposition parties has been resolved. An inquiry by the SC decided that there is no case (against Azam).
"The SC found there was ‘no conclusive evidence’ that Azam (above) had breached the Securities Industry (Central Depositories) Act 1991 (Sicda),” added Wan Junaidi.
As such, he said there is no need to dispute the issue relating to the share ownership of the chief commissioner.
"The police also found no issue to be investigated as the matter falls under the jurisdiction of the SC.
"Azam has also taken legal action against the individual who defamed him and the matter is in the court now, so any comment on this case may amount to sub judice," Wan Junaidi said.
Share ownership
Azam drew criticism over his ownership of 1,930,000 shares in Gets Global Berhad (previously KBES Berhad) on April 30, 2015, worth around RM772,000 at the time.
His shareholding in Gets Global Berhad went down to 1,029,500 as of March 31, 2016, worth around RM340,000 at the time.
He also held 2,156,000 warrants in Excel Force MSC Berhad in March 2016.
The share ownership in 2015 and 2016 had raised questions on whether it was commensurate with his income as a public servant and conflict of interest concerns.
Azam claimed the shares were not his but purchased by his brother in his name, prompting the SC to also get involved over the possible misuse of his trading account. - Mkini
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