PUTRAJAYA, 14 February 2026 – Malaysia’s Attorney General Tan Sri Mohd Dusuki Mokhtar will chair a special investigation committee formed to examine allegations surrounding share ownership involving Malaysian Anti-Corruption Commission (MACC) Chief Commissioner Tan Sri Azam Baki, marking a significant development in a case closely watched by the public and institutional stakeholders.
The formation of the panel was approved during a Cabinet meeting on 13 February, signalling the government’s intention to conduct a thorough and independent review to ensure transparency, due process, and public accountability.
Special Committee Established to Ensure Independent and Fair Investigation
Chief Secretary to the Government Tan Sri Shamsul Azri Abu Bakar confirmed that the special committee will carry out a comprehensive probe into the matter and submit its findings to the Prime Minister and relevant disciplinary authorities for further action in accordance with established procedures.
The committee will also include key senior officials, namely Public Service Director-General Tan Sri Wan Ahmad Dahlan Abdul Aziz and Treasury Secretary-General Datuk Johan Mahmood Merican, reflecting the seriousness and institutional importance of the investigation.
The objective of the probe is to ensure due process and fairness while maintaining public confidence in Malaysia’s governance and anti-corruption framework.
Allegations Stem from Share Ownership Concerns and Media Reports
The investigation follows recent reports suggesting there may have been potential regulatory breaches related to Azam Baki’s shareholdings.
In response, Azam has maintained that his share acquisitions were conducted transparently and did not violate any laws. He also stated that he no longer holds shares in any company, noting that his trading account is currently empty and verifiable with Bursa Malaysia.
Azam has also initiated legal action against Bloomberg over reports he described as defamatory and damaging to his personal reputation and the integrity of the MACC.
MACC Chief Expresses Support for Transparent Probe
Azam has publicly expressed readiness to cooperate with the investigation, stating that he welcomes an independent inquiry to clear his name and uphold institutional integrity.
He emphasised that a transparent probe is essential not only to defend his personal credibility but also to preserve public confidence in Malaysia’s anti-corruption enforcement framework.
The willingness to undergo independent scrutiny reflects the importance of transparency and accountability in public office, particularly for leadership within anti-corruption institutions.
Governance and Institutional Integrity in Focus
The establishment of a special committee underscores the government’s commitment to upholding governance standards and maintaining trust in Malaysia’s public institutions.
For investors and business stakeholders, institutional integrity and transparency are critical factors influencing investor confidence, regulatory certainty, and Malaysia’s attractiveness as an investment destination.
Malaysia’s anti-corruption framework plays a key role in supporting economic stability, ensuring fair business practices, and reinforcing governance credibility.
Investor Perspective: Governance Transparency Remains Key to Market Confidence
Developments involving senior regulatory leadership are closely monitored by investors and corporate stakeholders, as governance stability and institutional transparency are essential components of a well-functioning capital market.
The government’s decision to establish an independent investigation committee reflects a commitment to procedural integrity and accountability.
Maintaining confidence in regulatory institutions such as the MACC is critical for sustaining Malaysia’s investment appeal, particularly as the country continues to attract foreign investment across infrastructure, technology, and industrial sectors.
The outcome of the investigation will be closely watched for its broader implications on governance standards and institutional credibility in Malaysia’s public sector.
