Investigations into Azam Baki stock swap deal ongoing, deputy minister says

KUALA LUMPUR: Police still investigating Tan Sri Azam Baki (Photo) share swap deal, says Deputy Minister in the Prime Minister’s Department (Parliament and Law) Datuk Mas Ermieyati Samsudin.

She said the investigation was continuing despite the Securities Commission (SC) closing the case and finding no wrongdoing by the Chief Commissioner of the Malaysian Anti-Corruption Commission ( MACC).

“No wrongdoing was found in the actions registered in his name in 2012 and 2016 based on all documents reviewed during the investigation,” she said in the Dewan Rakyat on Tuesday, March 22.

She said the police were also investigating the case, in line with the parliamentary response given by the Home Secretary on March 7.

In addition to investigations by the police and the SC, Azam’s case was also discussed at a meeting of the Anti-Corruption Advisory Council and the Complaints Committee, which have the power to monitor and advise, as well only suggestions on investigations, said Mas Ermieyati.

Since 2009, five external oversight bodies act as a checks and balances mechanism to oversee the roles and functions of MACC, she said.

“Each of these committees has its respective mandate that functions as a checks and balances mechanism for MACC,” she said.

Earlier, Datuk Seri Salahuddin Ayub (PH-Pulai) asked the Prime Minister to declare the government’s proactive measures to boost MACC’s credibility in handling increasingly critical corruption cases.

He also wanted to know what action the government was taking on Azam’s case.

Azam was investigated by the SC for allowing his brother to exploit his stock trading account and was also summoned by a parliamentary select committee on the same matter.

Azam said he committed no wrongdoing.

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