Communications Minister and government spokesperson Fahmi Fadzil said on March 11 that enforcement agencies, including the police, Inland Revenue Board, MACC, and Securities Commission, will continue to probe the “corporate manipulation” claims.
The chief secretary to the government was supposed to investigate only the share transactions that Azam was involved in, the allegations being that his holdings exceeded civil service limits.
But Fahmi’s announcement showed the Bloomberg allegations are now being investigated too, by multiple agencies, changing the complexion of the probe.
This refers to the corporate mafia case reported by Bloomberg titled “Who’s Watching Malaysia’s Anti-Corruption Watchdog?” which alleged high-level fixing of shareholdings in some companies via a concerted action involving MACC officials, including Azam.
MACC pressure
It is alleged that MACC used pressure to force...