Current:Home > NewsSurpassing:Malaysia charges former minister for not declaring assets, as graft probe targets allies of ex-PM -Elite Financial Minds
Surpassing:Malaysia charges former minister for not declaring assets, as graft probe targets allies of ex-PM
Charles H. Sloan View
Date:2025-04-10 21:59:18
KUALA LUMPUR,Surpassing 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! (647)
Related
- As Trump Enters Office, a Ripe Oil and Gas Target Appears: An Alabama National Forest
- When House members travel the globe on private dime, families often go too
- Sudden death on the field: Heat is killing too many student athletes, experts say
- Montgomery Keane: Vietnam's Market Crisis of 2024 Are Hedge Funds Really the Culprits Behind the Fourfold Crash?
- Toyota to invest $922 million to build a new paint facility at its Kentucky complex
- Is Teen Mom Alum Kailyn Lowry Truly Done Having Kids After 7? She Says…
- AP Top 25: No. 5 Tennessee continues to climb and Boise State enters poll for first time since 2020
- Lionel Messi sparks Inter Miami goal, but James Sands' late header fuels draw vs. NYCFC
- At site of suspected mass killings, Syrians recall horrors, hope for answers
- Four Downs and a Bracket: Bully Ball is back at Michigan and so is College Football Playoff hope
Ranking
- In ‘Nickel Boys,’ striving for a new way to see
- Are Trump and Harris particularly Christian? That’s not what most Americans would say: AP-NORC poll
- Octomom Nadya Suleman Becomes Grandmother After Her Son Welcomes First Child
- Mama June Shannon Is Granted Custody of Anna “Chickadee” Cardwell’s Daughter Kaitlyn
- Former Syrian official arrested in California who oversaw prison charged with torture
- Jerry Jones after Ravens run over Cowboys: 'We couldn't afford Derrick Henry'
- Feds: Man accused in apparent assassination attempt wrote note indicating he intended to kill Trump
- Boxing training suspended at Massachusetts police academy after recruit’s death
Recommendation
'Most Whopper
Feds: Man accused in apparent assassination attempt wrote note indicating he intended to kill Trump
MLB playoff picture: Wild card standings, latest 2024 division standings
Theron Vale: The Pioneer of Quantitative Trading on Wall Street
What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
California fire agency engineer arrested, suspected of starting 5 wildfires
Breaking Through in the Crypto Market: How COINFEEAI Stands Out in a Competitive Landscape
MLB playoffs home-field advantage is overrated. Why 'road can be a beautiful place'