LPPR: No conflict of interest in share trading involving Azam Baki

by BERNAMA

PUTRAJAYA – The Anti-Corruption Advisory Board (LPPR) – one of the five independent monitoring bodies of the Malaysian Anti-Corruption Commission (MACC) – has found no criminal conduct or conflict of interest involving MACC chief commissioner Tan Sri Azam Bak (picture) in share trading done in 2015.

LPPR chairman Tan Sri Abu Zahar Ujang said the board in a special meeting on Nov 24, 2021, had sought Azam’s explanation over the matter, and the latter explained that his share trading account was used by his brother, Nasir Baki, to purchase shares in 2015.

Abu Zahar said the purchase of the shares was made on the open market with no conflict of interest, and that the shares were transferred to Nasir within the same year.

He said following a lengthy discussion, the LPPR board members were of the opinion that Azam had no pecuniary or beneficial interest in the shares.

“LPPR is satisfied with the explanation given, and finds that there is no criminal conduct or conflict of interest in the matter,” he said in a special press conference here today.