Malaysia summons anti-corruption chief in stock ownership probe

South China Morning PostEN 2 min read 100% complete by BloombergFebruary 22, 2026 at 12:18 PM

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Malaysia's anti-corruption chief, Azam Baki, was summoned by a special committee on Thursday to address questions regarding his stock ownership. The committee is investigating the compliance and regularity of Azam's share ownership, specifically 17.7 million shares of Velocity Capital Partner Bhd, potentially worth 800,000 ringgit (US$205,000). This inquiry follows reports alleging that Azam's holdings may violate government regulations limiting public servant share ownership. The investigation also comes amid broader allegations of collusion between anti-corruption officers and businessmen, prompting calls for a Royal Commission of Inquiry into potential abuse of power and regulatory extortion within the agency. The committee is evaluating evidence and plans to call other witnesses to complete its investigation.

Key Entities & Roles

Key Player Opposition Context

Companies Commission of Malaysia 40% Royal Commission of Inquiry 40% Shamsul Azri Abu Bakar 50% Velocity Capital Partner Bhd 60% Malaysia ×380% Malaysian Anti-Corruption Commission (MACC) ×285% Azam Baki ×390%

Keywords

anti-corruption 90% azam baki 90% stock ownership 80% investigation 70% abuse of power 70% malaysia 70% macc 60% public officials 60% unexplained wealth 50% regulatory extortion 50%

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South China Morning Post

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anti-corruption azam baki stock ownership investigation abuse of power malaysia macc public officials unexplained wealth regulatory extortion

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