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Tag: Securities Commission Malaysia

Investment banker charged for deceiving investors

The Securities Commission Malaysia (SC) charged a former investment banker, Charles Chua Yi Fuan for deceiving four investors who suffered losses amounting to RM76,000 between February 2018 to April 2018

Azam Baki has full control of his trading account – SC

The independent evidence gathered during the investigation of Tan Sri Azam Baki’s trading account showed that the Chief Commissioner of the Malaysian Anti-Corruption Commission is the named account holder and had control of the account

SC cannot establish SICDA breach in Azam Baki’s case

The Securities Commission Malaysia (SC) cannot conclusively establish if there was a breach under Section 25(4) SICDA in the trading account of Tan Sri Azam Baki, the Chief Commissioner of the Malaysian Anti-Corruption Commission (MACC)

Let the Securities Commission of Malaysia complete its investigation

There are reasonable suspicions or reasons suspect that offences have been committed to start off an investigation

SC will summon Azam Baki

Securities Commission Malaysia (SC) will be summoning Tan Sri Azam Baki and those involved in the shares ownership related to the Chief Commissioner of the Malaysian Anti-Corruption Commission (MACC) to get an explanation on his statement and to compile relevant evidence