Guan Eng: MACC chief’s stock trading saga turning into ‘a hydra of lies’
Lim demanded that Prime Minister Datuk Seri Ismail Sabri Yaakob take immediate action and suspend Azam pending a full investigation by an independent panel. ― Bernama pic
KUALA LUMPUR, Jan 20 — The conclusion reached by the Securities Commission (SC) Malaysia following its inquiry into the alleged proxy stock trading involving Malaysian Anti-Corruption Commission (MACC) chief Tan Sri Azam Baki and his brother, Nasir Baki, serves to reinforce the impression that the latter “lied” during his January 5 press conference, said DAP secretary-general Lim Guan Eng.
In a statement today, the Bagan MP demanded that Prime Minister Datuk Seri Ismail Sabri Yaakob take immediate action and suspend Azam pending a full investigation by an independent panel, should he accept the SC’s findings that leave the origin of the shares in question unanswered.
“Clearly, this is a devious conspiracy by Azam to hide his unexplained wealth of shares and extraordinary volume and quantum of shares trading beyond his financial ability as a civil servant.
“This is what the prime minister should focus upon to get to the bottom of the Azam shares shenanigans by seeking the truth from facts instead of manipulating reality to hide criminal wrongdoing,” he said in the statement.
The lawmaker said that the Opposition’s refusal to accept the SC’s earlier decision had been proven correct by its latest clarification, issued yesterday, where it concluded that there was no proxy trading involving Azam’s account by his younger brother, as claimed by Azam on January 5.
“In other words, Azam lied when he tried to justify his holdings of millions of ringgit of shares and share transactions involving millions and millions of ringgit by claiming that his share trading account was used as a proxy by his brother.
“The Azam scandal has now turned into a hydra of lies when one lie is exposed, more is required to cover up,” he said.
The SC said that in its inquiry into Azam, there was no breach of Section 25(4) of the Securities Industry (Central Depositories) Act 1991 (SICDA) in relation to Azam’s trading account.
In a statement, the SC clarified that the independent evidence gathered showed that the latter was the account holder and had control of said trading account.
The SC did not elaborate on what the next course of action would be or if it would be making any recommendation to any other body.
Previously, the SC explained in a statement on January 6 that all trades and securities accounts opened with the central depository must be made in the name of the beneficial owner of the account or an authorised nominee.
Azam has maintained he did no wrong even as his critics accused him of conflict of interest and abusing his position.
He has also said he plans to take legal action against the person who wrote the articles alleging conflict of interest last year, which sparked the controversy.
KUALA LUMPUR, Jan 20 — The conclusion reached by the Securities Commission (SC) Malaysia following its inquiry into the alleged proxy stock trading involving Malaysian Anti-Corruption Commission (MACC) chief Tan Sri Azam Baki and his brother, Nasir Baki, serves to reinforce the impression that the latter “lied” during his January 5 press conference, said DAP secretary-general Lim Guan Eng.
In a statement today, the Bagan MP demanded that Prime Minister Datuk Seri Ismail Sabri Yaakob take immediate action and suspend Azam pending a full investigation by an independent panel, should he accept the SC’s findings that leave the origin of the shares in question unanswered.
“Clearly, this is a devious conspiracy by Azam to hide his unexplained wealth of shares and extraordinary volume and quantum of shares trading beyond his financial ability as a civil servant.
“This is what the prime minister should focus upon to get to the bottom of the Azam shares shenanigans by seeking the truth from facts instead of manipulating reality to hide criminal wrongdoing,” he said in the statement.
The lawmaker said that the Opposition’s refusal to accept the SC’s earlier decision had been proven correct by its latest clarification, issued yesterday, where it concluded that there was no proxy trading involving Azam’s account by his younger brother, as claimed by Azam on January 5.
“In other words, Azam lied when he tried to justify his holdings of millions of ringgit of shares and share transactions involving millions and millions of ringgit by claiming that his share trading account was used as a proxy by his brother.
“The Azam scandal has now turned into a hydra of lies when one lie is exposed, more is required to cover up,” he said.
The SC said that in its inquiry into Azam, there was no breach of Section 25(4) of the Securities Industry (Central Depositories) Act 1991 (SICDA) in relation to Azam’s trading account.
In a statement, the SC clarified that the independent evidence gathered showed that the latter was the account holder and had control of said trading account.
The SC did not elaborate on what the next course of action would be or if it would be making any recommendation to any other body.
Previously, the SC explained in a statement on January 6 that all trades and securities accounts opened with the central depository must be made in the name of the beneficial owner of the account or an authorised nominee.
Azam has maintained he did no wrong even as his critics accused him of conflict of interest and abusing his position.
He has also said he plans to take legal action against the person who wrote the articles alleging conflict of interest last year, which sparked the controversy.
***
kt comments:
Wah, Guanee is now into Greek Mythology, wakakaka.
But he has been correct in referring the Azam Baki scandal to the Hydra or to be more specific, the Lernaea Hydra, a serpentine water monster in Greek mythology (or in the case of Malaysia, the Rakshasa Sri Kerbau of Lake Mucho Tembak 😂😁😆😅😇).
The Hydra was eventually killed by Heracles (a.k.a Hercules by the Romans) as the Second of Heracles' 12 Labours. Will that happen in Malaysia where/when Rakshasa Sri Kerbau gets sembileh 😊😊😊?
The Hydra had poisonous breath and blood so virulent that even its scent was deadly - Phew! And Malaysians can tell you how badly it stinks - disgusting lah!
Now this is the part which Guanee made reference to - the Hydra possessed many heads, the exact number of which varies where some say as much as mine (9). For every head chopped off by Heracles (a lie rebutted), the Hydra would regrow two heads (more lies to stupefy you even more, wakakaka).
Finally Heracles required the assistance of his nephew Iolaus to cauterise each decapitated head once Heracles cut it off. That killed the many headed serpent.
Heracles has been portrayed wearing the pelt of The Nemean lion, a vicious monster in Greek mythology, which the hero had killed as the First of his 12 Labours.
The Nemean Lion could not be killed with mortals' weapons because its golden fur was impervious to attack. Its claws were sharper than mortals' swords and could cut through any armour.
Looks like the King Cobra of Kerala (depicted below - said to be the biggest [or 2nd biggest] poisonous serpent in the World [Thailand claims the biggest just recently])
You need to tell two to three lies to cover up every lie.
ReplyDeleteCerberus had three heads....
Now, let's see
ReplyDeleteIt started when....
A Senior Public Servant was queried how he came to be exposed as buying shares with a value which is suspiciously large compared to his salary.
His excuse was the purchase was transacted on behalf of his brother.
Malaysian Securities Laws, which are aligned with international norms, state that it is illegal to trade in shares in your name for other persons, unless you are an officially declared nominee.
In the Senior Civil Servant's case, there was no such officially documented nominee.
It would appear the law has been broken.
The Securities Commission then declared it could not verify that any crime had been committed.
BULLSHIT.
Layer after layer of lies..