Malaysia

Share issue: DAP MP issues strong ultimatum

Khoo said a Special Investigation Committee to investigate Azam's stock selection is not enough, and that a Royal Commission of Inquiry (RCI) should be established

Updated 7 months ago · Published on 24 Feb 2026 4:40PM

Share issue: DAP MP issues strong ultimatum
Khoo stressed that if the government fails to take firm action, he and DAP MPs will quit the Unity Government. - February 24, 2026

KOTA Melaka Member of Parliament, Khoo Poay Tiong, today urged Tan Sri Azam Baki to resign as Chief Commissioner of the Malaysian Anti-Corruption Commission (MACC) following the 17.7 million share election issue.

He stressed that if the government fails to take firm action, he and DAP MPs will quit the Unity Government.

“I ask that the government take firm action. Azam Baki must resign. He must go, or we go. That is my message.

“This is because if we allow him to continue to hold the position of Chief Commissioner of the MACC, in the next election, the voters will punish us.

“I hope my time of speech is over, but let’s not let our term as government end after the next election,” he said during a debate session in the Dewan Rakyat today.

Previously, international media Bloomberg alleged that Azam owns 17.7 million shares in Velocity Capital Partner Bhd based on corporate filings with the Companies Commission of Malaysia (SSM), in addition to labelling the MACC as a corporate mafia for allegedly colluding with the body’s investigation unit.

Khoo also said that the establishment of a Special Investigation Committee to investigate Azam's stock selection is not enough, and that a Royal Commission of Inquiry (RCI) should be established to clear the name of MACC.

"Our country's Corruption Perception Index has risen three places, currently at 54th place. I am worried that next year it will fall because of these reports.

"We only established a special task force to investigate the shareholding of the MACC Chief Commissioner, but regarding the corporate mafia, to this day, there is still no further action from the government.

"I propose that an RCI be established to investigate these reports so that we can clear the name of MACC," he said.

He added that the revelation was not new; in fact, Azam was previously reported to have owned more shares than allowed in 2022. – February 24, 2026

Related News

Malaysia / 1w

MPs propose government set up RCI to investigate LCS project delays

Business / 2w

Maritime expert continues to seek updates on cargo report

Malaysia / 2w

MACC chief urges staff to confront weaknesses, learn from mistakes

Malaysia / 3w

Asset declaration: Why involve my 12-year-old son, asks Saravanan

Malaysia / 3w

MACC orders Saravanan, wife, and three children to declare assets

Malaysia / 1mth

Abdul Azeez and children ordered to declare assets within a month

Spotlight

World

Kim Jong Un appears in state media photos after unverified death rumours

Malaysia

Anwar challenges Rafizi over corporate crime, asks why he stayed silent as minister

Malaysia

AKPS chief Mohd Shuhaily to be charged over alleged assault on two policemen

Malaysia

Year One pupil dies after breathing difficulties in Dengkil classroom

Malaysia

College student remanded for three days over alleged rape of underage girl

Sports & Fitness

Lee Zii Jia settles dispute with father, sister over company affairs

By Alfian Z.M. Tahir

Malaysia

Online scam call centres: Police detain 31 people targeting foreign victims in Pahang crackdown

Malaysia

Guan Eng proposes RM1,000 tax rebate for purchase of air purifiers

By Ian McIntyre

You may be interested

Malaysia

Oil prices ease but supply risks persist

Malaysia

Schools to reopen in 3 states as usual, outdoor activities suspended

Malaysia

Lower-income Malaysians make up 70% of BNPL users as financing hits RM6.6b

Malaysia

Families of 54 missing Malaysians seek official confirmation, government aid

Malaysia

Banking veteran questions loss of shame as corruption takes hold

By Alfian Z.M. Tahir

Malaysia

MCMC warns cyberbullies, AI disinformation offenders as online safety comes under scrutiny

Malaysia

Papagomo acquitted for second time in sedition case over government, Israel claims

Malaysia

Police record statements from 15 in RM231m MYEG-Zetrix probe