Current:Home > MyMalaysia 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:2025-04-15 23:17:20
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! (673)
Related
- Meet 11-year-old skateboarder Zheng Haohao, the youngest Olympian competing in Paris
- You'll Swoon Over Millie Bobby Brown and Jake Bongiovi's Valentine's Day Date
- The 2024 Met Gala Co-Chairs Will Have You on the Floor
- Calling history: Meet Peacock's play-by-play broadcaster for Caitlin Clark's historic game
- Intel's stock did something it hasn't done since 2022
- Pennsylvania courts say it didn’t pay ransom in cyberattack, and attackers never sent a demand
- Eyes on the road: Automated speed cameras get a fresh look as traffic deaths mount
- Oklahoma radio station now playing Beyoncé's new country song after outcry
- Most popular books of the week: See what topped USA TODAY's bestselling books list
- As credit report errors climb, advocates urge consumers to conduct credit checkups
Ranking
- IOC's decision to separate speed climbing from other disciplines paying off
- Louisiana State University running back charged with attempted second-degree murder
- Louisiana State University running back charged with attempted second-degree murder
- Management issues at Oregon’s Crater Lake prompt feds to consider terminating concession contract
- DoorDash steps up driver ID checks after traffic safety complaints
- Elderly couple who trafficked meth in Idaho, Northwest, sentenced to years in prison
- 13-year-old charged with murder in shooting of man whose leg was blocking bus aisle
- In a first, Oscar-nominated short ‘The Last Repair Shop’ to air on broadcast television
Recommendation
From bitter rivals to Olympic teammates, how Lebron and Steph Curry became friends
Volkswagen-backed Scout Motors, in nod to past, toasts start of construction of electric SUV plant
Steady ascent or sudden splash? North Carolina governor’s race features men who took different paths
'I can't move': Pack of dogs bites 11-year-old boy around 60 times during attack in SC: Reports
The Daily Money: Disney+ wants your dollars
Who plays 'Young Sheldon'? See full cast for Season 7 of hit sitcom
Before Russia’s satellite threat, there were Starfish Prime, nesting dolls and robotic arms
Maui Invitational returning to Lahaina Civic Center in 2024 after deadly wildfires