Failure to declare property, Tun Daim brought to court


Former Malaysian Finance Minister, Tun Daim Zainuddin was brought to court today on charges of failing to comply with a notice to declare assets including several luxury vehicles, companies and properties around Kuala Lumpur, Selangor, Pahang, Negeri Sembilan, Perak and Kedah.

However, he pleaded not guilty and asked to be tried as soon as the interpreter read out the charges in front of Judge Azura Alwi.

According to the charges, Tun Daim was charged with deliberately giving a written statement by swearing that he did not comply with the terms of the notice dated 8 November 2023 sent to him by an officer of the Malaysian Anti-Corruption Commission (MACC) with the rank of Commissioner on 14 November 2023, which is not to declare assets.

His assets include one Amanah Saham Nasional Berhad (ASB) account, seven luxury vehicles such as Jaguar XJS HE, Rolls Royce 2 Axle Rigid Body, three Mercedes Benz, Austin Morris Auntin and Ford Prefect.

The result of the amount of undeclared property is as many as 38 companies and 25 real estate units in the country.

Earlier, Datuk Wan Shaharuddin asked the court to set a bail of between RM250,000 and RM500,00 with one surety with the additional condition of reporting to the MACC headquarters once a month and handing over the passport to the court until the case is completed.

His lawyer, Puravelan asked the court to consider the health factor of the accused in this case who had suffered a mild stroke a few years ago. He also needs to take various types of medication due to an infection in his left eye.

Judge Azura then allowed Daim to be bailed at RM280,000 with a local surety with no additional conditions.