Former Malaysian Finance Minister Daim Zainuddin Under Investigation for Abuse of Power and Money Laundering

Investigation Based on Pandora Papers Reveals Offshore Assets Worth $31.82 Million; Daim Denies Allegations and Labels Probe a 'Political Witch-Hunt'

Daim Zainuddin, former finance minister of Malaysia, is under investigation by the Malaysian Anti-Corruption Commission (MACC) for alleged abuse of power and money laundering.
The investigation, which began in February, is based on information from the Pandora Papers, a massive leak of financial records in 2021 revealing offshore assets held by politicians and public figures worldwide.
Daim, his associates, and family members were reported to have held assets worth at least $31.82 million.
Daim has denied all wrongdoing and described the probe as a 'political witch-hunt' driven by the anti-corruption agency and Prime Minister Anwar Ibrahim.
The MACC has seized Ilham Tower, a 60-storey building in Kuala Lumpur, as part of its investigation into Daim.