The investigation into former finance minister Tun Daim Zainuddin continues, following his court charges on Monday for failing to declare assets. Malaysian Anti-Corruption Commission (MACC) chief commissioner Tan Sri Azam Baki revealed that the ongoing investigations focus on corruption and money laundering allegations against Daim.
Despite being charged under Section 36(1) of the MACC Act on Monday, MACC officers are actively exploring other cases involving Daim. The former minister, known for his ownership of banks, construction firms, real estate, ports, and oil palm plantations, is under scrutiny for potential offenses under Section 23 of the MACC Act, related to abuse of power for gratification. Additionally, investigations are being conducted under Section 4(1) of the Anti-Money Laundering, Anti-Terrorism Financing, and Proceeds of Unlawful Activities Act.
Daim pleaded not guilty at the Kuala Lumpur Sessions Court on Monday, specifically for failing to comply with MACC’s asset disclosure notice. The charges encompass assets such as Amanah Saham Nasional Berhad and Amanah Saham Nasional bank accounts, seven luxury vehicles, including a Rolls Royce 2 Axle Rigid Body, three Mercedes Benz, one Jaguar XJS HE, one Austin Morris Austin, and a Ford Prefect. The list further extends to 38 companies and various properties, including 25 condominium units, houses, and hotels located in Kuala Lumpur, Selangor, Pahang, Negeri Sembilan, and Kedah.
Earlier, the MACC seized Ilham Tower, a high-value commercial building in Kuala Lumpur owned by Daim's family. This action adds to the legal complexities surrounding the investigation. Notably, on January 23, Daim’s wife, Toh Puan Na’imah Abdul Khalid, faced charges in the Sessions Court for failing to declare her assets to the MACC. The 66-year-old pleaded not guilty and asserted that Daim's success as a businessman was well-known before he entered public office 40 years ago. The unfolding legal proceedings shed light on the intricate web of investigations involving Daim and his family's financial affairs.
https://thesun.my/local_news/graft-money-laundering-probe-on-daim-ongoing-HH12046375
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