Shares supposedly acquired by Azam Baki ‘affordable to many’, says Wan Junaidi
De facto law minister says regulations do not hinder civil servants from buying shares in public listed firms
Minister in the Prime Minister’s Department (Law and Parliament) Datuk Seri Wan Junaidi Tuanku Jaafar says the Public Officers Regulations Act (Conduct and Discipline) 1993 states government servants are only prohibited from trading in futures market, locally and abroad while those who own shares in public listed companies are required to declare them as assets. – Bernama, January 8, 2022
KUALA LUMPUR – The purported shares acquired by Malaysian Anti-Corruption Commission (MACC) chief Tan Sri Azam Baki is not expensive and affordable for many, said Minister in the Prime Minister’s Department (Law and Parliament) Datuk Seri Wan Junaidi Tuanku Jaafar.
He said the shares attributed to Azam were first purchased in 2016 when one million shares were valued at RM330,000 or 30sen to 33sen per share, and that the current share price Azam holds was accumulated over the years.
“Based on the initial price, it is not an expensive share to acquire. I believe it is affordable to many of us,” Wan Junaidi said, adding that “laws do not prevent government servants from obtaining shares in public listed companies.”
In a statement, he highlighted the Public Officers Regulations Act (Conduct and Discipline) 1993 that states government servants are only prohibited from trading in futures market, locally and abroad while those who own shares in public listed companies are required to declare them as assets.
Nevertheless, he assured that the government will ensure investigations in Azam’s conduct are done according to law.
KUALA LUMPUR – The purported shares acquired by Malaysian Anti-Corruption Commission (MACC) chief Tan Sri Azam Baki is not expensive and affordable for many, said Minister in the Prime Minister’s Department (Law and Parliament) Datuk Seri Wan Junaidi Tuanku Jaafar.
He said the shares attributed to Azam were first purchased in 2016 when one million shares were valued at RM330,000 or 30sen to 33sen per share, and that the current share price Azam holds was accumulated over the years.
“Based on the initial price, it is not an expensive share to acquire. I believe it is affordable to many of us,” Wan Junaidi said, adding that “laws do not prevent government servants from obtaining shares in public listed companies.”
In a statement, he highlighted the Public Officers Regulations Act (Conduct and Discipline) 1993 that states government servants are only prohibited from trading in futures market, locally and abroad while those who own shares in public listed companies are required to declare them as assets.
Nevertheless, he assured that the government will ensure investigations in Azam’s conduct are done according to law.
The big cover up by kerajaan allah has already started.
ReplyDeleteI won't be surprised the matter will be NFAed.