Asset Declaration Case Against Late Finance Minister Daim Zainuddin Comes to an End

Prosecution Withdraws Charge Following Daim’s Death

KUALA LUMPUR: The asset declaration case against the late former finance minister Daim Zainuddin has come to an end. Deputy public prosecutor Wan Shaharuddin Wan Ladin informed the sessions court that the prosecution was withdrawing the charge under Section 36(2) of the Malaysian Anti-Corruption Commission (MACC) Act, following Daim’s death last week.

“We wish to extend our condolences,” Wan Shaharuddin said.

Daim’s Alleged Offences

Daim claimed trial in January to a charge of failing to comply with the terms of an asset declaration notice issued by the anti-graft agency. He was accused of failing to declare his ownership in 38 companies, 19 plots of land in Selangor, Negeri Sembilan, Pahang, Kedah and Kuala Lumpur, as well as six properties.

Daim was also alleged to have failed to declare his ownership of Amanah Saham Nasional Berhad (ASNB) and Amanah Saham Nasional (ASN) accounts, as well as seven luxury vehicles. The alleged offence was said to have taken place on Dec 13, 2023.

Background

Daim Zainuddin, a prominent figure in Malaysian politics, served as finance minister from 1987 to 1990 and again from 1999 to 2003. He was known for his close ties to the country’s ruling party, Umno, and his involvement in various business ventures.

Conclusion

The withdrawal of the charge against Daim Zainuddin brings an end to the asset declaration case against him. While the case has been resolved, questions remain about the allegations made against Daim and the potential implications for his legacy in Malaysian politics.

Frequently Asked Questions

Q: Why was Daim Zainuddin charged with failing to comply with the terms of an asset declaration notice?
A: Daim was accused of failing to declare his ownership in various companies, properties, and vehicles, as well as his involvement in Amanah Saham Nasional Berhad (ASNB) and Amanah Saham Nasional (ASN) accounts.

Q: What was the alleged offence?
A: The alleged offence was said to have taken place on Dec 13, 2023, and involved Daim’s failure to comply with the terms of the asset declaration notice.

Q: What is the outcome of the case?
A: The prosecution has withdrawn the charge against Daim Zainuddin following his death last week.

Q: What are the implications of the case for Daim’s legacy in Malaysian politics?
A: The case has raised questions about Daim’s integrity and his involvement in various business ventures during his time in office. The outcome of the case may impact his legacy in Malaysian politics.