MACC chief Azam Baki faces scrutiny for unreported 17.7 million shares in Velocity Capital Bhd., valued at RM800,000, violating disclosure rules.

MACC chief Azam Baki is listed as owning 17.7 million shares in Velocity Capital Bhd., a financial services firm, according to a 2025 corporate filing, sparking renewed scrutiny over his financial disclosures. The stake, valued at about RM800,000, remains unreported despite a 2024 rule requiring public officials to declare holdings over RM100,000. The revelation comes amid calls for transparency, especially as Azam’s contract has been extended beyond retirement age. The MACC continues investigating public officials, while other developments include a new MyTax PIN portal, a floating solar project launch, and concerns over palm oil output.