PUTRAJAYA, Feb. 10 -- Malaysian Anti-Corruption Commission (MACC) chief commissioner Tan Sri Azam Baki has defended his former shareholding in Velocity Capital Bhd, saying the transaction was fully transparent and properly declared.

According to the New Straits Times, Azam said he had nothing to hide regarding the RM800,000 stake, which he reported through the Human Resource Management Information System (HRMIS) to the Public Service Department.

"All of this was declared, including my income sources, and everything was transparent," he told the newspaper.

Azam added that the shares, purchased last year, were sold within the same year.

He described reports questioning the transaction as misleading and malicious, and said he is consider...