Malaysia

MACC: Chief Commissioner fully complied with applicable asset declaration requirements

It was earlier reported that Tan Sri Azam Baki had emerged as a substantial shareholder in a listed financial services firm, based on recent corporate filings.

Updated 8 months ago · Published on 10 Feb 2026 5:41PM

MACC: Chief Commissioner fully complied with applicable asset declaration requirements
MACC said the report contains misleading statements and unfounded allegations, and affects the image and reputation of the officer concerned. - February 10, 2026

THE Malaysian Anti-Corruption Commission (MACC) said a recent media report concerning its Chief Commissioner contains misleading statements and unfounded allegations, and affects the image and reputation of the officer concerned.

In a statement today, the anti-graft body said the report also unjustifiably associates MACC with allegations of wrongdoing, which may undermine public confidence in the Commission.

“MACC wishes to clarify that asset declaration by public officers is subject to established governance and administrative procedures under the public service framework and is made through official channels to the relevant authorities.

“In this regard, the Chief Commissioner of MACC has fully complied with the applicable asset declaration requirements.

“These include 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.”.

MACC said 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.

“This unfairly and detrimentally reflects on the Commission as a law enforcement agency.

“MACC remains committed to upholding trust, integrity and transparency in the discharge of its statutory duties and will not compromise in the face of any attempt to undermine the credibility and public confidence in the Commission through inaccurate and irresponsible reporting,” it added.

It was earlier reported that Tan Sri Azam Baki had emerged as a substantial shareholder in a listed financial services firm, based on recent corporate filings.

Filing by Velocity Capital Partner Bhd with the Companies Commission of Malaysia showed Azam holding 17.7 million shares in the company. Based on current market prices, the stake is valued at close to RM800,000.

Records available through the commission’s database indicated that Azam’s name continues to appear on the company’s register of shareholders as of the most recent update.

It is unclear when the shares were acquired, as Velocity Capital has yet to file its latest annual return for the current year, said the report. – February 10, 2026

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