Rafizi urges government to disclose findings of Azam Baki shareholding probe

FORMER PKR deputy president Rafizi Ramli has called on the government to publicly disclose the full findings of an investigation into allegations concerning share ownership by Malaysian Anti-Corruption Commission (MACC) chief Tan Sri Azam Baki.

In a statement, the Pandan MP said that although an investigation into the allegations has been completed and presented to the Cabinet, no comprehensive details of the findings have been released to the public.

“The only information available so far comes from a press conference by Communications Minister Datuk Fahmi Fadzil, which did not provide the full results of the investigation,” he said.

Based on the minister’s remarks, Rafizi said the government appears to have concluded two key points: that Azam had breached certain regulations, prompting the matter to be referred to the Public Service Department’s disciplinary board for further action, and the government does not intend to establish a Royal Commission of Inquiry (RCI) into allegations involving corporate mafia networks and possible collusion with the MACC.

Rafizi criticised what he described as the government’s reluctance to reveal the investigation’s outcome, warning that the lack of transparency was fueling speculation.

“The government’s attempt to keep the findings hidden, seemingly in the hope that the issue will fade over time, has only led to increasing speculation as information from Putrajaya continues to leak to the media and the public,” he said.

He noted that recent reports by Straits Times and Bloomberg suggested that Azam’s service term would not be extended.

Rafizi also cited circulating claims from government sources alleging that the investigation found Azam held shares worth RM14 million across nine companies, and that the purchases were made without the required approval or proper declaration.

He argued that unless the government releases detailed findings — including the total value of the shares, the companies involved, and the nature of the alleged breaches — speculation surrounding the issue will persist.

“The public has the right to know the details of the investigation. If the value of the shares is indeed RM14 million, the matter cannot be treated merely as a breach of civil service regulations,” said the lawmaker.

Rafizi noted that when individuals are investigated over suspicious wealth, the MACC typically takes steps such as freezing bank accounts, requiring asset declarations, and initiating prosecution if the individual fails to declare assets.

“If the claim that RM14 million in shares across nine companies is accurate, the government’s failure to investigate the source of the wealth will be seen as evidence of complicity in protecting Azam Baki,” he said. – March 13, 2026