Malaysia still hasn't released its probe of anti-graft chief Azam Baki's shares
In February 2026 Bloomberg reported that Malaysian Anti-Corruption Commission chief Azam Baki held about 17.7 million shares in Velocity Capital Partner Bhd, which would exceed a 2024 civil-service circular limiting share purchases to RM100,000. The MACC said he complied with asset-declaration requirements and declared the shares internally; Azam acknowledged buying and selling the shares in 2025 without profit. An Attorney General-led special committee reported to Cabinet in March, the Public Service Department Disciplinary Board took up the matter, and on 25 April the government said the probe was complete and the next step lay with the Chief Secretary. Azam's term ended on 12 May 2026; as of 2 September, politician Rafizi Ramli was still urging the Prime Minister to disclose the investigation papers.
● confirmed by a primary document · ○ reported
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- Malaysia Now
17.7 million shares in Velocity Capital Partner Bhd, in breach of a 2024 directive limiting public servants to RM100,000 in share purchases
Azam's ownership of the shares contravenes a 2024 government circular that prohibits public servants from purchasing shares exceeding RM100,000 in value. … 17.7 million shares in Velocity Capital Partner Bhd, in breach of a 2024 directive limiting public servants to RM100,000 in share purchases
The investigation regarding the alleged shareholdings has been completed. The subsequent process is currently being handled by the Chief Secretary to the Government.
The Cabinet ordered a probe led by the Attorney General, but the findings have not been released despite growing calls for transparency. Tan Sri Azam Baki is set to leave office on May 12.
to immediately disclose the investigation papers concerning the share ownership scandal involving Tan Sri Azam Baki
I have forwarded the report to the JPA, and we will convene a Disciplinary Board meeting soon
Contacted and responded — exact wording not on record.
Not yet contacted for this story.
No outcome recorded yet.