Current:Home > FinanceMalaysia charges former minister for not declaring assets, as graft probe targets allies of ex-PM -MacroWatch
Malaysia charges former minister for not declaring assets, as graft probe targets allies of ex-PM
View
Date:2025-04-16 03:46:23
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! (52853)
Related
- Current, future North Carolina governor’s challenge of power
- Life as MT's editor-in-chief certainly had its moments—including one death threat
- All-Star, Olympian Dearica Hamby files federal lawsuit against WNBA, Las Vegas Aces
- Ex-University of Kentucky student pleads guilty to assault in racist attack
- Former Danish minister for Greenland discusses Trump's push to acquire island
- Woman attacked after pleading guilty to helping man after he killed his three children
- Connecticut Republicans pick candidates to take on 2 veteran Democrats in Congress
- Marine who died trying to save crew in fiery Osprey crash to receive service’s top noncombat medal
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- The Golden Bachelorette: Meet Joan Vassos' Contestants—Including Kelsey Anderson's Dad
Ranking
- 'We're reborn!' Gazans express joy at returning home to north
- Julianne Hough tearfully recounts split from ex-husband Brooks Laich: 'An unraveling'
- Matt Kuchar bizarrely stops playing on 72nd hole of Wyndham Championship
- Vance backs Trump’s support for a presidential ‘say’ on Federal Reserve’s interest rate policy
- Cincinnati Bengals quarterback Joe Burrow owns a $3 million Batmobile Tumbler
- Federal judge orders 100-year-old Illinois prison depopulated because of decrepit condition
- Tyreek Hill criticizes Noah Lyles, says he would beat Olympian in a race
- Why Post Malone Thinks It Would Suck to Be Taylor Swift or Beyoncé
Recommendation
Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
Will the attacks on Walz’s military service stick like they did to Kerry 20 years ago?
Travis Barker's Daughter Alabama Ditches Blonde Hair in Drumroll-Worthy Transformation Photo
Prosecutors won’t charge officers who killed armed student outside Wisconsin school
Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
Scientists make first-of-its-kind discovery on Mars - miles below planet's surface
What is compassion fatigue? Experts say taking care of others can hurt your mental health.
PHOTO COLLECTION: AP Top Photos of the Day Monday August 12, 2024