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Malaysia’s ex-finance minister charged with failure to declare assets

The wheelchair-bound former Malaysian finance minister Daim Zainuddin was accompanied by his wife and other family members in court. PHOTO: EPA-EFE
Eileen Ng
Correspondent
UPDATED JAN 29, 2024, 08:27 PM
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Malaysia’s former finance minister Daim Zainuddin was charged on Jan 29 with allegedly failing to declare his assets, amid concerns that Prime Minister Anwar Ibrahim is using graft crackdowns selectively against his political foes.

Prosecutors allege that Daim failed to declare ownership in 38 companies; 25 plots of land and properties in Kuala Lumpur, Selangor, Negeri Sembilan, Pahang and Kedah; seven luxury vehicles and two investment fund accounts under the country’s anti-graft laws.

The 85-year-old pleaded not guilty in a Kuala Lumpur court.

Dr M denied allegations that he offered funding to Pas to accept his son, Datuk Seri Mukhriz, as a candidate in the upcoming state election under the Perikatan Nasional (PN) banner. 

Dr Mahathir dismissed the claims as baseless, stating he is not wealthy enough to fund any political party?.

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