In a statement, Azam vowed to carry on leading the anti-graft agency to combat corruption, adding that he had been informed the SC had closed its inquiry into the matter.

“I am thankful for the decision by the SC which found that I have not committed any offence.

“With that, I will continue my responsibility as the chief commissioner of MACC to fight corruption in the country without fear or favour,” he said.

Earlier, the SC said it could not “conclusively establish” if Azam had broken the law over his ownership of shares after gathering evidence and completing its inquiry into the matter.

“The SC is not able to conclusively establish that a breach under Section 25 (4) of the Securities Industry (Central Depositories) Act 1991 (Sicda) has occurred,” it said in a statement today.

Section 25 (4) of Sicda provides that a trading account must be opened in the name of the beneficial owner or an authorised nominee.

Azam had previously denied any wrongdoing, saying he did not purchase the shares and that his brother had used his trading account to buy shares in public-listed companies.

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