This article first appeared in The Edge Malaysia Weekly on March 2, 2026 - March 8, 2026

Feb 10
•    Bloomberg reports that Azam Baki held 17.7 million shares in Velocity Capital Partners Bhd, valued at about RM800,000. This exceeds the RM100,000 limit typically set for civil servants.

Feb 11
•    Azam clarifies he bought the shares in early 2025 and sold them by July 2025 at no profit. He maintains that all transactions were declared through the government’s Human Resource Management Information System.

Feb 12
•    Bloomberg releases a follow-up exposé alleging a “corporate mafia” network involving MACC officers and businessmen targeting companies for takeovers. Azam issues a letter of demand to Bloomberg, calling the reports libellous and misleading.

Feb 13
•    The cabinet orders the formation of a Special Investigation Committee, led by Attorney-General Mohd Dusuki Mokhtar, to verify if the RM800,000 purchase breached these service regulations

Feb 15
•    Former economy minister Rafizi Ramli is a key participant in the #TangkapAzamBaki rally outside SOGO where he warns the government that the public would not tolerate a cover-up

Feb 20
•    Azam officially files a RM100 million defamation suit against Bloomberg LP and Bloomberg (Malaysia) at the Kuala Lumpur High Court

Feb 22
•    The Chief Secretary to the Government, Tan Sri Shamsul Azri Abu Bakar, issues an official statement confirming that Azam has been summoned and has already provided his statement to the Special Investigation Committee

Feb 25
•    During a DAP leadership meeting, Digital Minister and DAP national chairman Gobind Singh Deo and Transport Minister and DAP secretary-general Anthony Loke make a high-profile call for a Royal Commission of Inquiry into the MACC

Feb 26
•    An unnamed editor lodges a police report at Brickfields police station, alleging a plot by a prominent family to topple the government by hiring a London-based firm to launch smear campaigns against Malaysian officials using international media. The editor claims he reported the plot after recognising that the recent media coverage regarding MACC chief Azam matches the illegal strategy discussed in a July 2025 meeting.

Feb 27
•    Protesters gather at the MACC headquarters calling for Azam’s resignation, while the wife of the late Tun Daim Zainuddin, Toh Puan Na’imah Abdul Khalid, denies involvement in “feeding” information to Bloomberg for the reports

•    Inspector-General of Police Tan Sri Mohd Khalid Ismail issues an official statement, confirming that the Royal Malaysia Police has launched a high-level investigation into an alleged conspiracy to overthrow the government and sabotage national stability

•    Communications Minister Fahmi Fadzil announces that the committee has almost completed its investigation and is expected to submit its final report to the cabinet next week

•    Prime Minister Datuk Seri Anwar Ibrahim confirms that the proposal to establish an RCI over issues involving the MACC was discussed at the cabinet meeting

— Compiled by Navineshkumar Selvakumar

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