Did the Securities Commission refer its findings on Azam Baki to the attorney general?

Question

Accepted Answer

The Securities Commission Has Concluded Its Investigation into Tan Sri Azam Baki Without Explicitly Stating Referral to the Attorney General

The Securities Commission Malaysia (SC) has concluded its investigation into Tan Sri Azam Baki regarding his acquisition of public shares, stating that no conclusive evidence of wrongdoing was found. However, the extent to which these findings were formally referred to the Attorney General (AG) for legal consideration remains a point of inquiry, as raised by Selangor DAP chairman Gobind Singh Deo.
Inquiry Regarding Referral to the Attorney General

Gobind Singh Deo, the Member of Parliament for Puchong, has publicly questioned whether the SC submitted its investigation results concerning Tan Sri Azam Baki to the AG. He highlighted that the AG possesses the constitutional authority, as per Article 145 of the Federal Constitution, to initiate, conduct, or discontinue criminal proceedings. Gobind suggested that it is within the AG's purview to offer opinions or direct further investigations after reviewing such findings, implying that the SC's independent conclusion might not be the final word without the AG's input.
SC's Statement on Investigation Outcome

The SC itself issued a statement indicating the completion of its inquiry into Azam Baki's share acquisitions. This statement asserted that the investigation did not uncover conclusive evidence of any misconduct. Following the SC's announcement, Azam Baki expressed his appreciation and confirmed his intention to continue his duties as the Chief Commissioner of the Malaysian Anti-Corruption Commission (MACC) as usual.
Context of Scrutiny on Azam Baki

The scrutiny surrounding Azam Baki intensified after he disclosed that his younger brother, Nasir Baki, had utilised his stock trading account to purchase shares valued in the millions from two publicly listed companies in 2015. While Azam Baki denied any impropriety, explaining that the funds were subsequently transferred to Nasir's account, he did not provide a public explanation for why his brother needed to use his trading account for the transactions. Previously, Azam had indicated his readiness for any allegations of misconduct to be reviewed by the MACC's Complaints Committee.
Postponement of Parliamentary Select Committee Meeting

A meeting of the Parliamentary Select Committee (PSC) tasked with discussing the MACC chief's involvement in stock ownership was postponed. This postponement occurred after Azam Baki declined to meet with the committee members. His stated reason for refusal was that he was already undergoing investigations by both the SC and the MACC Complaints Committee.

Reading history

Hide →

This history is cleared when the page is closed.

Did the Securities Commission refer its findings on Azam Baki to the attorney general?

Loading

Was this article helpful?

Helpful

Not helpful

Report an issue

1

0

0

Share with friends