Malaysia – Tan Sri Azam Baki is adamant that he would not resign from his position as chairman of the Malaysian Anti-Corruption Commission (MACC), despite repeated calls for him to do so. He believes that the Yang di-Pertuan Agong is the only person who has the authority to fire him, according to a report.
An investigation into Azam’s purchase of millions of shares in two publicly traded companies in 2015 is underway, and he has reportedly stated that he has submitted himself for investigation by the Malaysian Anti-Corruption Commission (MACC) and that the truth will be revealed to the public at the right time.
According to the local newspaper Sinar Harian, he said that he had followed all of the proper procedures and done all that was required.
He also said that he hopes the truth will come to everyone eventually and has asked everyone to be patient first.
While questions have been raised in the past about why Azam did not immediately address the allegations regarding the share acquisition when they first surfaced last month, he stated that he had never pleaded with anyone or any party to side with him in the matter and that he would reveal the truth when the time was right.
Azam is also claimed to have said that he did not feel obligated to reply to such concerns since he is not a politician but rather a busy government worker.
Despite demands for him to resign as MACC chairman, Azam stated he is steadfast in his refusal to do so because there is no necessity for him to step down.
He was further cited as saying. “Only the Yang di-Pertuan Agong is most qualified and may terminate my responsibilities; other than that, I don’t want to bother about whatever demands are championed by any sectors.”
According to a report, Azam said that his first responsibility is to explain the situation to the MACC advisory board members, after which the ball would be in their court.
“I have no objections to their referring to other agencies or committees.” He was also cited as adding, “They can evaluate this matter.”
In a press conference on January 5, Azam revealed that he had let his brother Nasir Baki to use his share trading account to acquire shares in two publicly traded firms in 2015, but claimed he had done nothing unlawful and that he had no interest or advantage in those shares.
The Securities Commission (SC) notified on January 6 that Azam would be questioned about possible stock trading legislation violations.
The Supreme Court said that every securities account formed with a central depository must be in the name of the beneficial owner of the deposited securities or in the name of an approved nominee, citing Section 25 of the Securities Industry (Central Depositories) Act (SICDA).