PETALING JAYA: Tan Sri Azam Baki says that his acquisition of RM800,000 worth of shares in a financial services company was conducted transparently and did not violate any laws.
The Malaysian Anti-Corruption Commission chief commissioner said the transaction was declared and that the Chief Secretary to the Government was informed of the matter.
"Everything was done transparently and above board. I have declared this (acquisition) and the sources of my income through the Human Resource Management Information System to the Public Service Department," he said when contacted on Tuesday (Feb 10).
Azam described the report on the transaction as malicious, pointing out that he had purchased the shares in 2025 and disposed of it within a year.
A foreign news agency reported that Azam was listed as holding 17.7 million shares in Velocity Capital Partner Bhd, citing a corporate filing with the Companies Commission of Malaysia (SSM).
Earlier, the MACC said the report on Azam is misleading and based on unfounded allegations.
It said the report not only affected the image and reputation of its chief commissioner but also unfairly linked the MACC to allegations of wrongdoing, potentially undermining public confidence.
