MACC rejects Bloomberg report, says Azam Baki complied with asset declaration rules
PETALING JAYA: The Malaysian Anti-Corruption Commission (MACC) has rejected claims made in a Bloomberg report alleging that its Chief Commissioner, Tan Sri Azam Baki, failed to publicly declare his assets.
In a statement, MACC described the report as misleading and unfounded, stressing that it unfairly tarnishes the reputation of Azam and undermines public confidence in the Commission.
The agency clarified that asset declarations by public officers are governed by established administrative procedures under the public service framework. These declarations are submitted through official channels to the relevant authorities, not made public.
MACC confirmed that Azam has complied fully with all requirements, including submitting declarations via the Human Resource Management Information System (HRMIS) to the Public Service Department (JPA). These cover sources of income as well as the acquisition and disposal of assets, including shares.
“Any suggestion that assets were not declared is factually incorrect and misrepresents the governance framework of MACC and the public service,” the statement read.
The Bloomberg report alleged that Azam held 17.7 million shares in Velocity Capital Partner Bhd, a Bursa Malaysia-listed financial services company, valued at nearly RM800,000 as of Monday.
However, MACC emphasised that Azam had already clarified to local media that the transaction was properly declared and that he had nothing to hide.
MACC added that such reporting unfairly reflects on the Commission, which is tasked with upholding integrity and combating corruption.