MACC chief commissioner Azam Baki is facing renewed scrutiny over his shareholdings and the source of his wealth, prompting fresh calls for an independent probe into the matter.
Bukit Gelugor member of parliament Ramkarpal Singh issued a media statement today urging the government to launch an immediate investigation, warning that the issues go far beyond mere asset declaration and directly affect the integrity and transparency of the MACC.
Bloomberg and CCM Reports Spark Questions
His call follows a recent Bloomberg report revealing that Azam holds 17.7 million shares in Velocity Capital Partner Bhd, valued at nearly RM800,000.
Separately, Malaysiakini cited Companies Commission of Malaysia records showing that as of January 13, 2026, Azam owned approximately 4.52 million shares in Awanbiru Technology Bhd.
Azam has denied any wrongdoing related to the Velocity shares and insisted they were properly declared, but Ramkarpal pointed out that no public response has yet addressed the Awanbiru holdings.
Demand for Independent Inquiry
Ramkarpal stressed that both cases must be examined by an independent third party, as it would be unjust for Azam to investigate himself.
He posed several pointed questions, particularly on the Velocity shares: whether Azam knowingly bought shares beyond limits allowed for civil servants under disciplinary rules, and if so, the reasons behind it.
He also asked why the shares were purchased and sold within a year, and why the acquisition happened shortly after the controversial 2021 episode where Azam said his brother had bought shares under his name.
Ramkarpal further inquired whether Azam had any other questionable share dealings in other companies.
To safeguard public confidence in the MACC, he suggested Azam be placed on garden leave during a proper investigation.
“The government can ill-afford not to act, as the integrity of the institution must remain paramount,” he said.
Source of Wealth Under Scrutiny
Damansara member of parliament Tony Pua echoed the concerns, questioning how a career civil servant like Azam could afford millions of ringgit worth of shares and warrants.
“The question is how did you afford to acquire all these shares and warrants worth multi-million ringgit as a civil servant? Where and how did you, as a senior government officer, obtain such wealth?” he asked.
Pua emphasised that the core issue is not disclosure alone, but the origin of the funds used for these acquisitions.
As public attention intensifies, there are growing demands for clear explanations from Azam and firm action from the authorities to uphold governance, accountability, and trust in Malaysia’s anti-corruption agency.
