Current:Home > reviewsMalaysia charges former minister for not declaring assets, as graft probe targets allies of ex-PM -Wealth Nexus Pro
Malaysia charges former minister for not declaring assets, as graft probe targets allies of ex-PM
View
Date:2025-04-18 05:21:05
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! (22224)
Related
- Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
- Supercritical CO2: The Most Important Climate Solution You’ve Never Heard Of
- World’s Youth Demand Fair, Effective Climate Action
- Navajo Nation Approves First Tribal ‘Green Jobs’ Legislation
- 'Vanderpump Rules' star DJ James Kennedy arrested on domestic violence charges
- Alex Rodriguez Shares Gum Disease Diagnosis
- Is Climate-Related Financial Regulation Coming Under Biden? Wall Street Is Betting on It
- Dr. Anthony Fauci to join the faculty at Georgetown University, calling the choice a no-brainer
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- Tyson Ritter Says Machine Gun Kelly Went Ballistic on Him Over Megan Fox Movie Scene Suggestion
Ranking
- Bill Belichick's salary at North Carolina: School releases football coach's contract details
- U.S. Supreme Court Refuses to Block Exxon Climate Fraud Investigation
- In New York City, ‘Managed Retreat’ Has Become a Grim Reality
- United Airlines CEO blasts FAA call to cancel and delay flights because of bad weather
- See you latte: Starbucks plans to cut 30% of its menu
- Delaware State Sen. Sarah McBride launches bid to become first openly trans member of Congress
- Remains of missing actor Julian Sands found in Southern California mountains
- Is Climate-Related Financial Regulation Coming Under Biden? Wall Street Is Betting on It
Recommendation
Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
The hospital bills didn't find her, but a lawsuit did — plus interest
As Solar and Wind Prices Fall, Coal’s Future is Fading Fast, BNEF Says
How New York Is Building the Renewable Energy Grid of the Future
'Squid Game' without subtitles? Duolingo, Netflix encourage fans to learn Korean
Launched to great fanfare a few years ago, Lordstown Motors is already bankrupt
Was a Federal Scientist’s Dismissal an 11th-hour Bid to Give Climate Denial Long-Term Legitimacy?
In Hurricane Florence’s Path: Giant Toxic Coal Ash Piles