The Companies Commission of Malaysia (CCM) has clarified that a change in Awanbiru Technology Berhad's list of shareholders is due to company records being updated.
This is in response to a query about MACC chief Azam Baki's shareholdings in the company.
On Feb 11, Malaysiakini purchased Awanbiru’s company records at 9am, and found Azam was listed as owning slightly over 4.52 million shares.
The record stated it was based on company documents as of Jan 13.
The news portal subsequently published an article about the shareholdings at 12.30pm that day.
However, by 5pm that day, a second copy of the same document - also stated as being based on Awanbiru documents as of Jan 13 - no longer listed Azam as a shareholder.
Several other shareholders through nominee companies also appear to have been consolidated in the document accessed at 5pm.
In an email response to Malaysiakini yesterday, CCM indicated the document accessed that morning was based on documents from 2024.
"The data obtained by Malaysiakini before this is based on information from Awanbiru’s annual returns in 2024, whereas the latest data is based on the 2025 returns.
"The information had been processed and updated after a verification, and a data integration process for the 2025 annual returns was done in the CCM system, involving more than 700,000 active companies in Malaysia.
"The information displayed is subject to the status of the annual returns processing at the time the (document) was accessed," the commission said.
Shares estimated value over RM1m
Azam has not acknowledged that he had Awanbiru shares, with his only remarks being that he no longer held any shareholdings as he had disposed of his portfolio by July last year.
"I no longer hold any shares. Show me the facts if I still do. Which Awanbiru? I have no idea," Astro Awani reported him as saying at a special press conference at the MACC headquarters in Putrajaya on Wednesday.
The Awanbiru shares were estimated to have been valued between RM1.24 million and RM1.38 million at some point.
Azam is also believed to have bought 17.7 million shares in Velocity Capital Partner Berhad in January last year for around RM1.5 million, before he sold the shares for around RM1.06 million last July.
Against RM100k rule
While share trading by civil servants is not illegal, the 2024 Public Officers’ Conduct and Disciplinary Management Circular stipulates that civil servants are not allowed to purchase shares exceeding five percent of paid-up capital or RM100,000 at current value.
However, Azam countered that his shareholding did not involve paid-up capital but was instead acquired through purchases on the open market.
Azam has denied wrongdoing, citing a declaration he made to the Public Service Department. The department has since said it is reviewing the "outdated" shareholding rules.
A three-member committee led by Attorney-General Dusuki Ahmad is also investigating Azam's shareholding issue. - Mkini
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