KUALA LUMPUR, MALAYSIA February 13, 2026 – The Royal Malaysia Police (PDRM) has confirmed that it has received a police report and has launched an investigation into an article published by Bloomberg.com, which allegedly contains defamatory statements against Tan Sri Datuk Seri Panglima Azam bin Baki, the Chief Commissioner of the Malaysian Anti-Corruption Commission (MACC).
In a media statement issued on February 13, 2026, at 11:10 PM, Director of the Criminal Investigation Department (CID), Datuk M. Kumar a/l S. Muthuvelu, stated that the probe concerns the article titled “Malaysian Anti-Graft Chief Returns to Stocks After Outcry,” published on February 10, 2026. The article, accessible at https://www.bloomberg.com/news/articles/2026-02-10/macc-head-azam-baki-returns-to-malaysia-stock-market-years-after-public-outcry, claimed that Tan Sri Azam Baki owned 17.7 million shares in Velocity Capital Partner Bhd., a financial services company.
The investigation is being conducted by the Classified Criminal Investigation Unit, Prosecution/Legal Division (D5), CID Bukit Aman. It is proceeding under the following provisions:
– Section 500 of the Penal Code (defamation), which carries a penalty of imprisonment for up to two years, a fine, or both.
– Section 233 of the Communications and Multimedia Act 1998 (improper use of network facilities or services), which provides for a fine not exceeding RM500,000, imprisonment for up to two years, or both.
The statement emphasized that the investigation is ongoing and urged the public to refrain from making any speculations about the case while PDRM completes its inquiries, in respect of the principles of criminal justice in the country.
This development follows reports that Tan Sri Azam Baki has initiated legal action against Bloomberg, describing the article as libellous, irresponsible, and misleading, while asserting that his share transactions were properly declared and that he has nothing to hide. Bloomberg has stood by its reporting, which was based on corporate filings with the Companies Commission of Malaysia.
The matter has also drawn attention from the Malaysian Cabinet, which has ordered a separate probe into related allegations concerning public officials’ shareholding limits.
PDRM reiterated its commitment to upholding justice without prejudice. Further updates will be provided as the investigation progresses.
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