KUALA LUMPUR — A storm is brewing in Malaysia as police investigations have been launched against Azam Baki, the chief of the Malaysian Anti-Corruption Commission (MACC). An article by Bloomberg claiming Azam held shares exceeding the regulatory limit for public servants ignited considerable controversy, leading to calls for accountability and his possible resignation.
Key Allegations Resurface
Initial reports from Bloomberg indicated that Azam owned 17.7 million shares in a financial services firm, valued at approximately RM800,000 (about US$205,000) — well above the RM100,000 allowed for public officials. The Criminal Investigation Department (CID) is investigating alleged defamation under Section 500 of the Penal Code and improper use of network services under Section 233 of the Communications and Multimedia Act 1998.
A Push for Transparency
- Communications Minister Fahmi Fadzil announced the formation of a special task force to look into the allegations.
- The committee will be led by the Chief Secretary to the Government, Shamsul Azri Abu Bakar.
- Fahmi emphasized the need for transparency and integrity in the investigation process.
Azam’s Response
In a public statement, Azam expressed willingness to cooperate with the investigation, reiterating that he has nothing to hide. He asserted that all his financial disclosures were made in accordance with public service laws: “I am confident that the truth will prevail through a fair and independent process.”
Legal Actions and Reactions
Following the Bloomberg report, Azam’s legal team has initiated action against the media company for defamation. He described the article as “malicious and misleading,” insisting he disclosed the shares he purchased and sold within the same year.
The situation has reignited discussions surrounding anti-corruption measures in Malaysia, with opposition lawmakers and civil society groups calling for significant reforms. These include proposals to revoke the Prime Minister’s authority to appoint the MACC chief, reflecting broader concerns about accountability within governmental structures.
Historical Context
These allegations are not new for Azam, who previously faced scrutiny over similar claims regarding shareholdings in 2022. At that time, the securities regulator found it challenging to verify any breaches of the law.
As the investigation unfolds, the focus remains on maintaining public trust in Malaysia’s commitment to tackling corruption.