Current:Home > MyMalaysia charges former minister for not declaring assets, as graft probe targets allies of ex-PM -StockHorizon
Malaysia charges former minister for not declaring assets, as graft probe targets allies of ex-PM
View
Date:2025-04-14 19:15:27
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! (41951)
Related
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- The 10 Best Cashmere Sweaters and Tops That Feel Luxuriously Soft and Are *Most Importantly* Affordable
- 2025 Medicare Part B premium increase outpaces both Social Security COLA and inflation
- Waymo’s robotaxis now open to anyone who wants a driverless ride in Los Angeles
- FACT FOCUS: Inspector general’s Jan. 6 report misrepresented as proof of FBI setup
- Lions find way to win, Bears in tough spot: Best (and worst) from NFL Week 10
- Brittany Cartwright Defends Hooking Up With Jax Taylor's Friend Amid Their Divorce
- Richard Allen found guilty in the murders of two teens in Delphi, Indiana. What now?
- Why Sean "Diddy" Combs Is Being Given a Laptop in Jail Amid Witness Intimidation Fears
- Apologetic rapper Tekashi 6ix9ine gets 45 days in prison for probation violations
Ranking
- The Daily Money: Spending more on holiday travel?
- Should Georgia bench Carson Beck with CFP at stake against Tennessee? That's not happening
- Brands Our Editors Are Thankful For in 2024
- The 10 Best Cashmere Sweaters and Tops That Feel Luxuriously Soft and Are *Most Importantly* Affordable
- South Korean president's party divided over defiant martial law speech
- Stock market today: Asian shares mostly decline, shrugging off Wall Street’s overnight rally
- John Robinson, former USC Trojans and Los Angeles Rams coach, dies at 89
- Britney Spears Reunites With Son Jayden Federline After His Move to Hawaii
Recommendation
Taylor Swift Eras Archive site launches on singer's 35th birthday. What is it?
All Social Security retirees should do this by Nov. 20
'We suffered great damage': Fierce California wildfire burns homes, businesses
Francesca Farago Details Health Complications That Led to Emergency C-Section of Twins
The FBI should have done more to collect intelligence before the Capitol riot, watchdog finds
Teachers in 3 Massachusetts communities continue strike over pay, paid parental leave
The Best Corduroy Pants Deals from J.Crew Outlet, Old Navy, Levi’s & More, Starting at $26
Benny Blanco Reveals Selena Gomez's Rented Out Botanical Garden for Lavish Date Night