Current:Home > ScamsMalaysia charges former minister for not declaring assets, as graft probe targets allies of ex-PM -Wealth Evolution Experts
Malaysia charges former minister for not declaring assets, as graft probe targets allies of ex-PM
View
Date:2025-04-14 06:10:02
KUALA LUMPUR, Malaysia (AP) — Malaysia charged a former minister on Monday with failing to declare assets, the latest step in a corruption probe that’s targeting several people connected to a former prime minister.
Former Finance Minister Daim Zainuddin, who left office more than 20 years ago, is a key ally of ex-Prime Minister Mahathir Mohamed. Both argue that the probe is politically motivated and that prosecutors have ignored potential corruption among allies of the current government.
A frail Daim, 85, who was just discharged from hospital, turned up in court in a wheelchair. He pleaded not guilty to a charge of failing to declare 71 assets ranging from luxury cars to a raft of companies, properties and land. He faces up to five years in jail and a fine if found guilty.
After his court hearing, Daim called Prime Minister Anwar Ibrahim “a wolf in sheep’s clothing who cried reforms” but instead abused government institutions to pursue his political foes.
He pointed to the case of Deputy Prime Minister Ahmad Zahid Hamidi, who was also faced trial for corruption until prosecutors dropped 47 graft charges against him last year.
“I am not too bothered about my fate now, Let Anwar throw everything at me. But I fear for the fate of my country,” Daim said.
Last week, Daim’s wife also pleaded not guilty to a similar charge. Daim, one of the country’s wealthiest tycoons, insists his offshore assets were the result of legitimate business activities and investments.
Daim served as Finance Minister from 1984-1989 and again from 1999-2001 under Mahathir.
He and Mahathir’s eldest son, Mirzan Mahathir, were among several Malaysians revealed to hold millions offshore in the Pandora Papers, a major document leak that revealed offshore accounts held by politicians and billionaires around the world.
The anti-graft agency has asked both Mirzan and his brother Mokhzani to declare their assets.
Mahathir was Malaysia’s longest serving-leader, holding office for 22 years before he stepped down in 2003, and again from 2018-2020. He now supports the opposition Malay-Islamic alliance. Mahathir, 98, has said he believes Anwar is fishing for evidence to implicate him.
The two men have a long history that has shaped Malaysian politics. Anwar was Mahathir’s designated successor in the 1990s before they fell out amid the Asian financial crisis. Anwar was later jailed for corruption and sodomy, charges he said were concocted to kill his political career.
The pair joined hands for the 2018 general elections to oust the long-ruling coalition, while Anwar was in jail on a second sodomy charge. He was pardoned by the king shortly after their victory. Mahathir became premier for the second time in a deal that called for him later to hand over power to Anwar, but their alliance collapsed amid infighting.
veryGood! (9878)
Related
- Pressure on a veteran and senator shows what’s next for those who oppose Trump
- Get a $31 Deal on $78 Worth of Tarte Waterproof Eye Makeup
- With one dose, new drug may cure sleeping sickness. Could it also wipe it out?
- Oil and Gas Quakes Have Long Been Shaking Texas, New Research Finds
- A South Texas lawmaker’s 15
- Letters offer a rare look at the thoughts of The Dexter Killer: It's what it is and I'm what I am.
- Kellie Pickler’s Husband Kyle Jacobs' Cause of Death Confirmed by Autopsy
- See pictures from Trump indictment that allegedly show boxes of classified documents in Mar-a-Lago bathroom, ballroom
- 'Most Whopper
- Jon Gosselin Pens Message to His and Kate's Sextuplets on Their 19th Birthday
Ranking
- Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
- The Mugler H&M Collection Is Here at Last— & It's a Fashion Revolution
- Anxious while awaiting election results? Here are expert tips to help you cope
- Canadian Court Reverses Approval of Enbridge’s Major Western Pipeline
- 'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
- Hidden audits reveal millions in overcharges by Medicare Advantage plans
- Unusually Hot Spring Threw Plants, Pollinators Out of Sync in Europe
- Cracker Barrel faces boycott call for celebrating Pride Month
Recommendation
Trump issues order to ban transgender troops from serving openly in the military
Enbridge Now Expects $55 Million Fine for Michigan Oil Spill
Los Angeles county DA's office quits Twitter due to vicious homophobic attacks not removed by social media platform
FDA gives safety nod to 'no kill' meat, bringing it closer to sale in the U.S.
IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
Scarlett Johansson Recalls Being “Sad and Disappointed” in Disney’s Response to Her Lawsuit
Kellie Pickler’s Husband Kyle Jacobs' Cause of Death Confirmed by Autopsy
Kroy Biermann Seeking Sole Legal and Physical Custody of His and Kim Zolciak's Kids Amid Divorce