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10 APRIL 2024

Tuesday, January 30, 2024

MACC continues probing Daim for graft, money laundering

 


After being charged in court with allegedly failing to declare his assets, former finance minister Daim Zainuddin is not yet out of MACC’s crosshairs, with the agency still pursuing several other investigations against the tycoon.

According to MACC chief commissioner Azam Baki, the graftbusters are still looking into allegations of corruption and money laundering.

“After yesterday’s charge, which was made under Section 36(1) of the MACC Act, our investigations into Daim continue for other cases,” he was quoted as saying by Scoop.

The investigations are being carried out under Section 23 of the MACC Act which stipulates offences regarding abuse of power for gratification, and Section 4(1) of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act, he added.

Yesterday, Daim (abovepleaded not guilty at the Kuala Lumpur Sessions Court to failing to abide by MACC’s notice to disclose his assets encompassing 38 firms, 25 pieces of land and property, seven luxury vehicles, and two investment fund accounts.

According to court documents, among the assets that Daim allegedly failed to declare included luxury cars such as a Jaguar and a Rolls Royce.

Previously, it was reported that MACC had seized Ilham Tower, a high commercial-value building located in Kuala Lumpur that is owned by Daim’s family.

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