KUALA LUMPUR – Bloomberg News is standing by its report on the alleged shareholding involving Malaysian Anti-Corruption Commission chief Tan Sri Azam Baki.
“We stand by our reporting,” a spokesperson said when contacted today, after Azam filed suit over claims that he held 17.7 million shares in Velocity Capital Partner Bhd, based on filings with the Companies Commission of Malaysia.
Yesterday, law firm Zain Megat & Murad, acting for Azam, described the article as “defamatory, irresponsible and highly misleading”, alleging it had damaged both his reputation and the integrity of the Malaysian Anti-Corruption Commission. The firm confirmed that legal proceedings, including a claim for damages, have been initiated.
A letter of demand dated February 12, 2026, was sent to Bloomberg’s offices in the United States and Malaysia. The February 10 article, titled “Malaysian Anti-Graft Chief Returns to Stock Market After Outcry”, reported that Azam held a substantial shareholding, raising questions over his asset declarations.
The letter contends that the report implied that Azam failed to declare his assets publicly and suggested misconduct. His lawyers maintain that he complied with all declaration requirements through the HRMIS system under the Public Service Department.
They further assert that the shares cited had been disposed of before publication, and that the article revived allegations that had already been investigated and resolved, creating a misleading perception.
Bloomberg has been asked to issue an unconditional written apology within 14 days, withdraw the article from all platforms, including the Bloomberg Terminal, and publish an apology on terms agreed by Azam’s lawyers.
Earlier today, Azam said he welcomed an independent probe into the share ownership controversy, adding that he had “nothing to hide”. – February 13, 2026