Malaysian Anti-Graft Chief Returns to Stocks After Outcry
Malaysian anti-corruption chief Azam Baki held millions of shares in a financial-services company, a corporate filing shows, the first public disclosure of a major stake in his name since an uproar over his shareholdings several years ago spurred protests calling for him to step down.
Azam, chief commissioner of the Malaysian Anti-Corruption Commission, or MACC, owned 17.7 million shares of Velocity Capital Partner Bhd., according to an annual filing by Velocity Capital to the Companies Commission of Malaysia on Feb. 3 last year. The stake would be worth almost 800,000 ringgit ($204,000) as of the close of trading on Tuesday.