Current:Home > FinanceMalaysia charges former minister for not declaring assets, as graft probe targets allies of ex-PM -Zenith Profit Hub
Malaysia charges former minister for not declaring assets, as graft probe targets allies of ex-PM
View
Date:2025-04-14 07:09:21
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! (9)
Related
- The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
- Tornado damages Pfizer plant in North Carolina, will likely lead to long-term shortages of medicine
- Police arrest 85-year-old suspect in 1986 Texas murder after he crossed border to celebrate birthday
- Confusion Over Line 5 Shutdown Highlights Biden’s Tightrope Walk on Climate and Environmental Justice
- 2025 'Doomsday Clock': This is how close we are to self
- SVB collapse could have ripple effects on minority-owned banks
- Two Lakes, Two Streams and a Marsh Filed a Lawsuit in Florida to Stop a Developer From Filling in Wetlands. A Judge Just Threw it Out of Court
- After the Wars in Iraq, ‘Everything Living is Dying’
- In ‘Nickel Boys,’ striving for a new way to see
- A Just Transition? On Brooklyn’s Waterfront, Oil Companies and Community Activists Join Together to Create an Offshore Wind Project—and Jobs
Ranking
- Biden administration makes final diplomatic push for stability across a turbulent Mideast
- Binance lawsuit, bank failures and oil drilling
- One Last Climate Warning in New IPCC Report: ‘Now or Never’
- The NBA and its players have a deal for a new labor agreement
- What to know about Tuesday’s US House primaries to replace Matt Gaetz and Mike Waltz
- Big Oil’s Top Executives Strike a Common Theme in Testimony on Capitol Hill: It Never Happened
- 5 ways the fallout from the banking turmoil might affect you
- A Federal Judge Wants More Information on Polluting Discharges From Baltimore’s Troubled Sewage Treatment Plants
Recommendation
Tom Holland's New Venture Revealed
Jennifer Lawrence Sets the Record Straight on Liam Hemsworth, Miley Cyrus Cheating Rumors
All new cars in the EU will be zero-emission by 2035. Here's where the U.S. stands
Investigators looking into whether any of the Gilgo Beach murder victims may have been killed at home suspect shared with his family
What do we know about the mysterious drones reported flying over New Jersey?
It's not just Adderall: The number of drugs in short supply rose by 30% last year
John Fetterman’s Evolution on Climate Change, Fracking and the Environment
Tony Bennett, Grammy-winning singer loved by generations, dies at age 96