The Securities Commission Malaysia (SC) has concluded its enquiry into the shareholding case of MACC chief Azam Baki and is unable to conclusively establish that a breach under section 25(4) of the Securities Industry (Central Depositories) Act 1991 (SICDA) has occurred.

"At the outset, the SC wishes to state that as a capital market regulator, the SC’s regulatory remit is set out under the Securities Commission Malaysia Act 1993 (SCA), Capital Markets and Services Act 2007 (CMSA), and SICDA.

"In this regard...