PETALING JAYA: The government has agreed to form a special committee to probe claims that Malaysian Anti-Corruption Commission (MACC) chief commissioner Azam Baki holds 17.7 million shares in a financial services company.
Government spokesman Fahmi Fadzil said the committee would be chaired by Chief Secretary Shamsul Azri Abu Bakar.
“He (Shamsul) will probe the allegations against the MACC chief,” he said at a press conference in Putrajaya.
Bloomberg had reported that Azam held 17.7 million shares in Velocity Capital Bhd, or 1.7%, based on the company’s annual return lodged on Feb 3 last year.
It was reported that Azam’s name still appeared on the company’s register of shareholders at the Companies Commission of Malaysia.
This is said to be in breach of a 2024 government circular which states that civil servants may hold shares in Malaysian-incorporated companies only if the holdings do not exceed 5% of the paid-up capital or RM100,000 in value, whichever is lower.
Azam subsequently said that his RM800,000 shareholding was bought last year and disposed of within the same year. He also said he had declared the shares.
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