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Azam threatens RM100mil lawsuit against Bloomberg

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Law firm Zain Megat & Murad says it will pursue all available legal channels over the report alleging that he holds shares in a financial services company.

PETALING JAYA: Malaysian Anti-Corruption Commission chief Azam Baki has threatened legal action against Bloomberg, seeking RM100 million in damages over its report alleging that he holds 17.7 million shares in a financial services company.

Law firm Zain Megat & Murad said they will pursue all available legal channels over the article, which had since been “repeated and republished by various other media outlets, resulting in the widespread dissemination of the allegations”.

The firm said the reporting, suggestions and insinuations contained in the article were “libellous, irresponsible and seriously misleading”, and had caused serious injury not only to Azam but also to the dignity, credibility and institutional integrity of his office.

Tags:Azam BakiBloomberglegal actionMACCsharesVelocity Capital


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