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Azam Baki Controversy
Recent Bloomberg reports alleging shareholding misconduct and "corporate mafia" links involving the MACC Chief have triggered rallies, lawsuits, and a special government probe.
Dikemaskini pada 16 Feb 2026
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π₯ Rally Investigated
Kuala Lumpur police have opened an investigation into the "Tangkap Azam Baki" rally held in the city centre. Despite the event being monitored and controlled, authorities are reviewing footage to determine if any laws regarding public assembly were breached during the demonstration.
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π₯ Rally Done Peacefully
Police confirmed that the protest proceeded smoothly without any untoward incidents or chaos. The crowd, numbering in the hundreds, gathered at the Sogo shopping complex and marched to Dataran Merdeka, cooperating with officers who were deployed to maintain public order.
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π₯ Rafizi Takes A Jab At Anwar
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π₯ MPs Take the Stage At Rally
Prominent government backbenchers, including Rafizi Ramli and Nik Nazmi, addressed the crowd. They urged the government to remain consistent with its reformist agenda, warning that failure to address the allegations against the MACC chief could severely damage public trust in the administration.
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π₯ Azam Denies Calls To Take Leave
Azam Baki has firmly rejected calls to step aside while investigations are underway. He argued that there is no legal requirement for him to take a leave of absence, citing precedents where other high-ranking officials continued their duties while under scrutiny.
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π₯ 'No Corporate Mafia'
The MACC Chief strongly denied allegations that the anti-graft body protects a "corporate mafia." He dismissed the claims as baseless and malicious, asserting that the commission operates independently and does not shield any business syndicates as alleged in recent foreign media reports.
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π₯ Azam To Sue Bloomberg
In response to the allegations, Azam Baki has issued a letter of demand to Bloomberg, seeking RM100 million in damages. His legal team stated they will proceed with a defamation lawsuit if the publication fails to retract the article and issue an apology within 14 days.
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π₯ Bloomberg Stands Firm On Report
Bloomberg has refused to retract its report, maintaining the accuracy of its journalism. The international publication insists its investigation into the alleged interference in MACC probes was based on reliable sources and documents, despite the threats of legal action.
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π₯Special Task Force Established
The government has initiated a two-pronged official response following the Bloomberg allegations. A Special Task Force was formally established by the Cabinet on 13 February 2026 to conduct a transparent investigation into the claims of prohibited shareholding. This high-level committee is chaired by the Attorney-General, Tan Sri Mohd Dusuki Mokhtar, and includes the Treasury Secretary-General and the Director-General of Public Service.
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π₯ Government MPs Demand Probes
Voices within the ruling coalition, including representatives from PKR and DAP, are pressing for a transparent investigation. They emphasised that the integrity of the unity government relies on holding all public officials accountable, regardless of their position.
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π₯ Opposition Demand Answers
The opposition bloc has echoed demands for an immediate inquiry. They accused the government of dragging its feet and demanded that a parliamentary select committee be given full access to investigate the allegations raised by the international press.
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π₯ Rafizi Say Bloomberg Paywall Is Why Rakyat Is Unaware
Rafizi Ramli highlighted that the complexity of the issue is compounded by the fact that the original Bloomberg report is behind a paywall. He noted that this barrier prevents the general public from fully understanding the severity of the "corporate mafia" allegations detailed in the article.
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π₯ PM Anwar's Stance
Prime Minister Anwar Ibrahim urged the public to remain calm and respect due process. He stated that people should read Azam Baki's explanation before jumping to conclusions and questioned the motive behind insulting officials who are merely discharging their duties.
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π₯ Azam Baki Denies Allegations
Azam Baki has strongly denied all allegations, describing them as malicious. He stated that the shares in question were purchased and then fully disposed of in July 2025, well before the Bloomberg report was published. He further asserted that all transactions and sources of income were duly declared to the Public Service Department (JPA) via the HRMIS system.
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π What Happened: Bloomberg Report
In February 2026, Bloomberg released two reports. The first alleged that Tan Sri Azam Baki held 17.7 million shares in Velocity Capital Partner Bhd, valued at approximately RM800,000, which exceeds the standard RM100,000 administrative threshold for civil servants. The second report alleged that MACCβs "Section D" unit was involved in a "corporate mafia" scheme to facilitate hostile company takeovers.
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