Wednesday 24 Apr 2024
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BURSA Malaysia is urging the public to cooperate with law enforcement agencies and provide information that may lead to the successful arrest and prosecution of those involved in the acid attack on a senior member of the Bursa Malaysia surveillance unit last July.

Eight months after the incident in Kuala Lumpur, there has been no breakthrough in the investigation into the case. It is believed that the attack was related to the victim’s work at the exchange.

“We understand from the authorities that the investigation is still ongoing and, therefore, we are unable to comment on any details,” Bursa says in response to queries from The Edge.

“Nevertheless, we call upon law enforcement agencies to intensify their efforts in ensuring that the perpetrators of this heinous and brazen act are identified and brought to justice,” it adds.

The exchange also reiterated its condemnation of the violent and criminal act and says that it will continue to provide “its full support to law enforcement agencies and ensure all efforts are made to investigate the matter, identifying and prosecuting the perpetrators.”

Meanwhile, a Securities Commission spokesman says it has provided all the relevant information to the police and it is awaiting the outcome of the investigation.

Although the attack was on a staff of Bursa, the capital market’s frontline regulator, the Securities Commission is the regulator tasked with overseeing and developing the Malaysian capital market.

“The SC has, since the incident, taken additional measures to reinforce the security and safety of our officers,” the spokesman adds.

Bursa has also increased security to ensure the safety of its employees, including strengthening of its response procedures for such incidents involving any of its staff fulfilling high-risk functions or roles.

The Bursa employee who was attacked has yet to return to work.

Nevertheless, Bursa says it is in touch with him and is extending its “utmost support to ensure that he receives the best physical and emotional care needed for his long-term rehabilitation.”

“The staff is a valued member of our team who has been steadfast and dedicated in carrying out his duties,” it adds.

On concern that the apparent lack of retributory action taken against the perpetrators could embolden market participants to resort to brute force to get their way, which may lead to a chilling effect on market integrity and confidence, Bursa says it remains committed to ensuring market integrity, accountability and transparency.

“While we share your concern, we will not allow this incident to come at the expense of our role to provide protection to investors from unfair, improper and fraudulent practices,” it says.

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