SC: No proxy trading found as Azam controls own trading account

Following criticism for saying there was “no conclusive evidence” of proxy trading by MACC chief Azam Baki, the Securities Commission (SC) has clarified that it found no evidence of such an instance.

This appears to contradict Azam’s explanation that he allowed his brother Nasir Baki to purchase shares using his trading account.

In a statement this evening, the SC stated it found that Azam had...