Apex Holdings has been the subject of investigation by SC, Malaysia's market regulator, for allegedly contravening the Capital Markets and Services Act as well as the Companies Act.

Among others, the appointment of board members and CEOs should be subject to assessment as well as SC approval, while agencies should also form a rating committee to keep board members and shareholders from getting involved.

It says key safeguard measures are in place to ensure that its independence and integrity are not affected.

He will serve as executive director for three years until May 31, 2025.

Wee Choo Keong asks if Syed Zaid Albar is still chairman of the Securities Commission.

The Malaysian stock exchange is understood to have been investigating possible breaches of a number of laws.

The scandal, which led to a massive US$4 billion settlement by Airbus, triggered a worldwide investigation with at least two airline bosses arrested and jailed.

One needs to question why the allegations against Azam surfaced at this critical point in time.

Ismail Sabri Yaakob says all parties should accept the outcome of investigations by professional entities such as the SC.

It says its decision was based on independent evidence gathered at the inquiry into Azam's ownership of shares.

It warns against disparaging the government and its institutions for the sake of 'narrow political agendas'.

When there is no finding of breach, the law cannot be used as a weapon but must be turned to act as a shield to protect the innocent.