COMMENT | At first glance, Azam Baki’s shareholdings may look like a distant corporate issue. Something that only investors or lawyers need to worry about. However, the real danger lies beneath, because the real story is not the shares.

It’s the patterns of influence and alleged interactions between enforcement officials and certain business actors that Bloomberg’s investigation hinted at, what many are calling a nexus.

The MACC chief commissioner’s shares scandal acted as the spark because the real fire is the nexus quietly burning through our institutions - the nexus between enforcement power and private corporate interests that strikes at the heart of fairness, governance, and public trust, quietly shaping decisions that affect us all.

Put simply, Azam's shares alone don’t hurt ordinary Malaysians, but the nexus that Bloomberg reported, which is...