The place did Azam Baki get that type of cash? – Aliran

Was he overlaying up by mendacity?
The so-called investigation by the Securities Fee extremely concluded that there was “no conclusive proof” of proxy buying and selling by Malaysian Anti-Corruption Fee chief Azam Baki regardless of Azam having earlier publicly introduced that his brother had used his account to purchase thousands and thousands of shares.
He had declared this ‘fact’ to the whole nation by means of his press convention on 5 January 2022. However that, the Securities Fee has amazingly cleared him of any wrongdoing!
The Securities Fee’s unusual conclusion contrasted and contradicted Azam’s ‘confession’. We’re instructed that he had earlier privately given this similar model of his story involving his brother to the anti-corruption advisory board on 24 November 2021 – which was confirmed by its chairman, Abu Zahar Ujang on the similar press convention the place Azam later spoke on 5 January.
Did the Securities Fee haul up Azam earlier than them after they performed their investigation? We weren’t instructed. When was this so-called probe carried out? We weren’t instructed. Who attended this probe? We weren’t instructed.
Loads of issues haven’t been instructed to the Malaysian public. Aren’t we necessary sufficient to know the reality? Don’t we should be instructed?
We preserve the Securities Fee ought to have summoned Azam to offer some salient solutions. If their inner investigation didn’t present conclusive proof of breach of guidelines, they need to have questioned why he misled the nation and Malaysians by blatantly mendacity. He even hoodwinked the anti-corruption advisory board, whose chairman had apparently swallowed Azam’s rationalization hook, line and sinker: he clarified Azam had appeared earlier than the board and so they have been satisfied he had dedicated no unsuitable and subsequently the board had cleared him of any wrongdoing.
Apparently, this gave the impression to be the unilateral view of Abu Zahar as a result of, virtually per week later, 4 different board members disputed the chairman’s model of the board’s determination and contended it was his private view and didn’t mirror theirs. Surprisingly, the opposite board member, Dr Edmund Terence Gomez, was not invited to this assembly.
It’s a incontrovertible fact that Azam lied twice. He caught to his model persistently and persistently on each events – when he met the anti-corruption advisory board and when he gave his press convention. The Securities Fee’s conclusion clearing him grew to become a laughable matter however, nonetheless, proved Azam is outwardly a liar.
The query is, why did Azam lie? Was he attempting to cowl up his tracks when he lied? He wished to convey the concept his youthful brother was a millionaire and was able to speculate closely in shares. Did he invent this story in order that Malaysians would suppose he didn’t have that type of cash to put money into thousands and thousands in shares? In any other case, Malaysians would marvel how he may personal thousands and thousands of shares on the wage of a civil servant.
However his brother has not come ahead to verify his story. We marvel why! Is he rolling in cash?
Aside from the shares – the primary subject of dialogue to this point – Azam additionally had 2,156,000 warrants in Excel Drive MSC Bhd in March 2016. No person has to date quantified the value of the warrants, however they should have price a bundle.
We have to know the way he managed to amass all these warrants. The place did the cash come from? Will he declare his brother paid for them? The price of the shares is staggering.
The query subsequently arises: how did Azam come by this colossal sum to speculate? This could have been the bone of competition for the MACC and the police to analyze. How come each these companies didn’t spring into motion?
The chief secretary to the federal government (ketua setiausaha negara) ought to have acted instantly when it got here to mild that Azam had shares approach past what a civil servant is permitted to carry. Azam had clearly flouted Public Service Round No. 3 of 2002 and the chief secretary, because the nation’s highest civil servant, can not shut one eye and let him get away with it.
He’s responsible below Basic Orders Chapter D. Why did the cupboard not tackle this very severe breach of guidelines?
The foot-dragging appears to recommend that corruption is being traded off. An NGO has reportedly made a police report, claiming that some officers within the Securities Fee are corrupt. May or not it’s a case of ‘you scratch my again and I scratch yours’? May this be a case of quid professional quo?
The Malaysian public won’t ever settle for the outcomes of investigations performed by the Securities Fee or the MACC, tainted as they sadly are. Each don’t command our confidence and respect. Malaysians would need the whole outfit to be reconstituted with folks of impeccable character and integrity. In any other case, they’d be seen as tainted companies difficult public confidence.
We want a royal fee of inquiry urgently to resolve this. The earlier it’s arrange, the earlier will public help, respect and confidence be restored.
As we dash to do that, allow us to be reminded of the saying that Sir Walter Scott first popularised in his epic poem, Marmion: A Story of Flodden Area: “Oh what a tangled internet we weave / When first we practise to deceive.”
When you lay your palms on the crooks, a handout is feasible.
Probe Azam Baki’s alleged shareholdings. Click on picture to signal
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