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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.

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Transcript
00:00The Malaysian Anti-Corruption Commission on Tuesday said a recent media report on its chief commissioner, Tansri Azambaki, was misleading and based on unfounded allegations.
00:11The commission said the allegations had tarnished Azam's reputation, which could undermine public confidence.
00:17They said the asset declarations by public officers are governed by established administrative and governance procedures, and the declarations are submitted through official channels.
00:27They said Azam had fully complied with all requirements, including declarations made via the Human Resource Management Information System to the Public Service Department.
00:37They said the declarations cover sources of income and asset transactions, including shares.
00:42They added that claims that Azam failed to declare assets were false and created a misleading impression on the MayCC and public service.
00:50Later, Azam said in another statement that his RM800,000 share purchase in a financial services company was conducted transparently and did not violate any laws.
01:01He noted the transaction was reported to the chief secretary to the government and that he had purchased the shares in 2025 and sold them within a year.
01:12A foreign news agency reported that Azam was listed as holding 17.7 million shares in Velocity Capital Berhad, citing a corporate filing with the Companies Commission of Malaysia.
01:31A foreign news agency reported that they recognized that the
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