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 6 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 / 1d

‘I will quit if Zahid asks me to, not anyone else’ - Asyraf Wajdi

Malaysia / 1d

RCI TH: Former THP manager charged with CBT involving RM72,000

Malaysia / 2d

MACC opens seven investigation papers in FELDA, FIC cases

Malaysia / 2d

RCI TH: Former minister remanded for five days

Malaysia / 2d

RCI TH: MACC seeks remand of former minister

Malaysia / 3d

MACC arrests former minister over Tabung Haji RCI probe

Spotlight

Malaysia

Puteri Umno distances itself from viral Threads post

By Alfian Z.M. Tahir

Malaysia

MACC drops orange detention attire for court remand cases after PM’s call

World

Man jailed six years for keeping Indonesian woman as slave in Melbourne home

Malaysia

Emergency declared in Serian as haze reaches hazardous levels (UPDATED)

Malaysia

Haze in Serian enters emergency phase

Malaysia

Death sentence for deaf, mute man who killed family of four upheld

Malaysia

Retired army officer with Datuk title charged with alleged sexual assault of golf caddie

Heritage

Penang first state to recognise Hungry Ghost Festival, cemeteries as heritage

You may be interested

Malaysia

UMNO steps up engagement with PAS as Asyraf Wajdi attends muktamar

Malaysia

Anwar holds key to revival of two constitutional reform bills

Malaysia

Nepal rejects foreign rescue teams, accepts aid after deadly disaster

Malaysia

Probe into tanker-ferry collision to focus on radar, navigational systems

By Ian McIntyre

Malaysia

MACC drops orange detention attire for court remand cases after PM’s call

Malaysia

Channel-like formation at Tanjung Lompat beach may have intensified sea pull

Malaysia

Weak earthquake measuring 3.4 magnitude detected in Keningau

Malaysia

Country used as transit hub for RM42.8m international drug haul