The explanation by MACC's Anti-Corruption Advisory Board chairperson Abu Zahar Ujang in regards to MACC chief commissioner Azam Baki's share ownership in two companies, has shown the institutional failure of the oversight mechanism in the graft buster, said a group of PKR MPs.

At a virtual press conference today, nine MPs pointed out Azam held millions of shares as of March 2016 despite Abu Zahar saying the shares had been returned to Azam's brother in 2015.

"We find that Abu Zahar’s explanation raises more questions than clearing the air on whether Azam’s ownership of these shares and warrants are criminal...