PETALING JAYA, February 14 — The government has announced the formation of a special committee to investigate claims that Tan Sri Azam Baki, chief commissioner of the Malaysian Anti-Corruption Commission (MACC), holds 17.7 million shares in a financial services company.
potentially breaching the 2024 civil service circular limiting shareholding. Government spokesman Fahmi Fadzil said the committee will be chaired by Chief Secretary Shamsul Azri Abu Bakarand tasked with probing the allegations thoroughly.
Reports by Bloomberg noted that Azam’s shares in Velocity Capital Bhd, representing 1.7% of the company, appeared on the official shareholder register, exceeding limits for civil servants. Azam has stated that he purchased the RM800,000 stake last year.
Disposed of it within the same year, and declared the transaction, but the committee will review the circumstances to ensure compliance with the law and transparency standards.
