Securities Commission wants answers from Azmi Baki about share ownership, but what about BVI, Cayman, Labuan incorporated shareholders of BursaMalaysia listed companies?

 by Ganesh Sahathevan 

The Securities Commisison Malaysia has directed MACC chief Azmi Baki to provide details of his share ownership (see details above, click to enlarge).

Meanwhile, it does not appear as if the SC has done anything about ascertaining and making known the ultimate beneficiaries of BVI, Cayman and Labuan incorporated shareholders of Bursa Malaysia listed companies whose identities remain secret. 

This has been a long standing problem for anyone seeking any kind of transparency in shareholding of the companies affected. The extent of the problem can be demonstrated by searching the Bursa website using the relevant search terms.

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