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Malaysia Cabinet Orders Probe into Azam Baki's Shareholdings

Bloomberg Markets •
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Malaysia’s cabinet has ordered a probe into allegations against anti‑graft chief Azam Baki, following a report that his shareholdings exceeded the limits set for public officials. The move signals a tightening of oversight over senior officials and raises questions about the integrity of Malaysia’s anti‑corruption framework.

Shareholdings that surpass the statutory ceiling can create conflicts of interest, especially when the holder oversees anti‑corruption enforcement. Investors may reassess exposure to companies where Azam Baki holds stakes, potentially affecting their valuations. The investigation could prompt