JPA disciplinary board to review Azam Baki shareholding report

2026-03-10 - 07:14

Azam Baki is alleged to have breached a 2024 government circular limiting civil servants to holding no more than 5% of paid-up capital or RM100,000 in value, whichever is lower, in Malaysian-incorporated companies. (Bernama pic) PETALING JAYA: The public service department’s (JPA) disciplinary board will soon meet to examine the report of a special committee investigating the shareholding allegations involving Malaysian Anti-Corruption Commission (MACC) chief commissioner Azam Baki. Chief Secretary Shamsul Azri Abu Bakar said he had received the report from the committee’s chairman, Attorney-General Dusuki Mokhtar, Berita Harian reported. “I have received the special committee’s report. I have also forwarded it to JPA, and a disciplinary board meeting will convene in the near future,” he said after an event in Putrajaya today. Besides Dusuki, the other committee members are Treasury secretary-general Johan Mahmood Merican and public service director-general Wan Ahmad Dahlan Abdul Aziz. Bloomberg had reported that Azam held 17.7 million shares (1.7%) in Velocity Capital Bhd, based on the company’s annual return lodged on Feb 3 last year. Azam is alleged to have breached a 2024 government circular limiting civil servants to holding no more than 5% of paid-up capital or RM100,000 in value, whichever is lower, in Malaysian-incorporated companies. Azam said the transaction was declared and the shares were disposed of last year. His lawyers filed a lawsuit against Bloomberg over its report, seeking RM100 million in damages. Bloomberg has stood by its reporting.