Malaysia names new anti-graft agency chief to lead 1MDB probe
[KUALA LUMPUR] Malaysia has appointed Azam Baki to lead its anti-graft agency after the previous chief stepped down following a change of government.
His appointment is effective Monday, according to a statement issued by the prime minister's office.
Mr Azam, who was deputy chief commissioner for operations at the Malaysian Anti-Corruption Commission (MACC), replaces Latheefa Koya, who had led the probe into the 1MDB scandal with a focus on recouping the billions of dollars allegedly stolen from the state fund.
The agency is at the centre of the renewed investigation into the 1MDB scandal as well as other graft cases across Malaysia. The MACC, as the commission is known, is also looking into corruption allegations involving AirAsia Group Bhd's deals with Airbus SE.
BLOOMBERG
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
US mulls first green-bond sales to tap a US$2.6 trillion market
US factory activity shrinks with price gauge highest since 2022
Hong Kong faces uphill battle to lure back Chinese tourists
Weak yen boosts tourist wallets in Japan
Gas prices are putting Washington’s boldest climate policy at risk
India collects record 2.10 trillion rupees as goods and services tax in April