JPA disciplinary board to review Azam Baki shareholding report

JPA disciplinary board to review Azam Baki shareholding report

Chief Secretary Shamsul Azri Abu Bakar confirms receiving the report prepared by a special committee probing the shareholding allegations against the top graft-buster.

Azam Baki
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 services 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 services 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.

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