Azam has shares in another company worth over RM1m

 

(Editor’s note: Malaysiakini's report on Azam Baki's shareholdings in Awanbiru Technology Berhad is based on CCM records accessed at 9am today. However, as of 5pm, Azam's name is no longer on the document.

Malaysiakini is reaching out to the CCM for clarification regarding the changes.)

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MACC chief Azam Baki has shares in another company that again may not be in compliance with rules limiting how much stocks a civil servant can buy in a single entity.

Checks with the Companies Commission of Malaysia (CCM) records found that as of Jan 13 this year, Azam had slightly over 4.52 million shares in Awanbiru Technology Berhad or a 1.08 percent stake.

This is according to Awanbiru Technology's company profile on CCM records that Malaysiakini purchased at 9am today. Later at 5pm, Malaysiakini checks showed that several shareholders are no longer on the record, including Azam.

Malaysiakini is reaching out to CCM to seek information on the changes.

The shares on Jan 13 were valued at RM0.305 per unit, meaning Azam's stake would have been worth almost RM1.38 million at the time.

It is not known when Azam bought the shares, but the lowest that Awanbiru Technology stocks have traded in the last five years was RM0.175 per share on July 12, 2023.

At that price point, 4.52 million shares would have been valued at slightly more than RM790,000.

While it is not illegal for civil servants to purchase stocks, a civil service disciplinary circular states that they are not allowed to purchase more than RM100,000 worth of stocks in a single company.

Malaysiakini has contacted the MACC chief for comment.

In the spotlight, again

Yesterday Azam was revealed to have owned 17.7 million shares in financial services company Velocity Capital Partner Berhad.

Azam said he had purchased and disposed of the Velocity Capital Partner stocks at an unspecified time last year. CCM records still listed Azam as a shareholder in the company as of Dec 26, 2025.

While it is not known how much Azam bought the shares for, the lowest that Velocity Capital Partner shares traded for last year was RM0.015 per unit, meaning the MACC chief's holdings could have been RM265,500 at the lowest.

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The MACC and Azam have denied wrongdoing and that the top graftbuster had declared his shareholdings in Velocity Capital Partner with the Public Service Department.

However, the issue of compliance with the RM100,000 purchasing limit was not addressed.

Malaysiakini has contacted Chief Secretary to the Government Shamsul Azri Abu Bakar for comment regarding Azam's case. - Mkini