SUCH seems to be the only exit door for Malaysian Anti-Corruption Commission (MACC) chief commissioner Tan Sri Azam Baki to clear his name amid piling public pressure to step down in light of Bloomberg’s damning revelation of him as a major shareholder of Velocity Capital Partner Bhd.
“I commend the MACC’s swift statement but it’ll be better for the accused who issued the statement to challenge the allegations of irresponsible parties (out to smear his name) according to the law,” suggested one commenter in a reaction to the graft buster’s claim of misleading content and unfounded allegations the Bloomberg report.
In MACC’s contention, Azam has fully complied with the applicable asset declaration requirements, including declarations made via the Human Resource Management Information System (HRMIS) to the Public Service Department (JPA) in respect of sources of income as well as the acquisition and disposal of assets, including shares.
“Any portrayal suggesting a failure to declare assets is factually incorrect and creates a misleading impression of the integrity and governance framework governing MACC and the public service, thereby unfairly and detrimentally reflecting on the Commission as a law enforcement agency,” the agency hit out.
But detractors were quick to remind Azam that even though he claimed that his RM800,000 shareholding was done according to procedure, the amount far surpassed the civil servant purchase limit of not exceeding 5% of the paid-up capital or RM100,000 at current value, whichever is lower, as stipulated in Service Circular No. 8 of 1995.
“Whether the shares were declared or sold in the same year does not change the fact that the permitted limit has been exceeded,” jibed a seemingly financial savvy commenter.
When you deny something which is obvious, expect people to question you especially when the matter involves the MACC chief commissioner himself who should be the most knowledgeable about public service laws and regulations.
Azam Baki should resign for Malaysians to continue respecting the role of MACC … if it’s someone else’s fault, you’re quickly to charge them in court but now when you’re at fault, you want to escape the long arms of the law which unfair to Malaysians at large.
In fact, former economy minister Datuk Seri Rafizi Ramli has called on Prime Minister Datuk Seri Anwar Ibrahim to suspend Azam pending a probe into his assets.
The Velocity Capital saga has taken shape after a Dec 26, 2025 filing by the financial services provider which was formerly CSH Alliance Bhd to the Companies Commission of Malaysia dated Dec 26, 2025 showed that Azam owns 17.7 million shares or a 1.28% stake in the company.
Based on the group’s current share price of 4.5 sen, Azam’s stake is worth RM796,500, according to financial portal The Edge.
10 𝘍𝘦𝘣𝘳𝘶𝘢𝘳𝘪 2026
𝗣𝗘𝗡𝗚𝗚𝗔𝗡𝗧𝗨𝗡𝗚𝗔𝗡 𝗧𝗨𝗚𝗔𝗦 𝗞𝗘𝗧𝗨𝗔 𝗣𝗘𝗦𝗨𝗥𝗨𝗛𝗝𝗔𝗬𝗔 𝗦𝗣𝗥𝗠 𝗗𝗔𝗡 𝗦𝗜𝗔𝗦𝗔𝗧𝗔𝗡 𝗠𝗘𝗡𝗬𝗘𝗟𝗨𝗥𝗨𝗛 𝗣𝗘𝗠𝗜𝗟𝗜𝗞𝗔𝗡 𝗛𝗔𝗥𝗧𝗔 𝗗𝗔𝗡 𝗨𝗥𝗨𝗦𝗡𝗜𝗔𝗚𝗔
Hari ini, media antarabangsa Bloomberg telah menyiarkan satu laporan… pic.twitter.com/J9753Dnhlw
— Rafizi Ramli (@rafiziramli) February 10, 2026
The Pandan MP has further urged that Azam whose contract has been renewed thrice (the latest one-year extension expiring on May 12, 2026) be suspended from his duties for a comprehensive investigation to be undertaken over the alleged share ownership violation.
Additionally, the former PKR deputy president demanded a comprehensive review of assets owned by Azam “to ascertain how he could have such money” and to ascertain whether he has been involved directly or indirectly in other transactions involving MMAG Bhd and NexG Bhd (especially those involving public procurement).
At 11.32am, Velocity Capital was unchanged at 4.5 sen with 80,000 shares traded, thus valuing the company at RM62 mil. – Ferb 11, 2026
