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:2025-04-15 15:08:25
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! (37995)
Related
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- Investigators say they confirmed pilots’ account of a rudder-control failure on a Boeing Max jet
- Timberwolves forward Karl-Anthony Towns out indefinitely with torn meniscus, per report
- March Madness bubble watch: Could St. John's really make the NCAA men's tournament?
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- For Kevin James, all roads lead back to stand-up
- Workers asked about pay. Then reprisals allegedly began, with a pig's head left at a workstation.
- Cole Brauer becomes 1st American woman to race sailboat alone and nonstop around world
- Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
- US applications for jobless claims hold at healthy levels
Ranking
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- Paul Simon to receive PEN America’s Literary Service Award
- Elon Musk and OpenAI CEO Sam Altman, once allies, no longer see eye to eye. Here's why.
- For Kevin James, all roads lead back to stand-up
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- New Jersey sees spike in incidents of bias in 2023
- Baldwin touts buy-American legislation in first Senate re-election campaign TV ad
- Indiana man pleads guilty to assaulting police with baton and makeshift weapons during Capitol riot
Recommendation
'Most Whopper
The Daily Money: Why are companies wary of hiring?
Movie Review: John Cena gets the laughs in middling comedy ‘Ricky Stanicky’
'They do not care': Ex-officer fights for answers in pregnant teen's death, searches for missing people of color
Where will Elmo go? HBO moves away from 'Sesame Street'
Disney Channel Alum Bridgit Mendler Clarifies PhD Status While Noting Hard Choices Parents Need to Make
Behind the scenes at the Oscars: What really happens on Hollywood's biggest night
Indiana nears law allowing more armed statewide officials at state Capitol