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HomeMalaysia NewsFormer Malaysian Finance Minister Tun Daim Zainuddin to Face Charges for Non-Declaration...

Former Malaysian Finance Minister Tun Daim Zainuddin to Face Charges for Non-Declaration of Assets : Report

Former Finance Minister Tun Daim Zainuddin is to be charged on Jan 29 in Kuala Lumpur for allegedly failing to declare his assets under Section 36(2) of the MACC Act 2009.

MACC had initially secured permission but delayed due to Daim’s undisclosed hospitalization. Despite this, Daim expressed readiness for his day in court.

The charges highlight a significant legal development concerning the non-disclosure of assets by a former high-ranking official, marking a step towards addressing financial non-compliance.

Read This News In Detail

Former Finance Minister Tun Daim Zainuddin is set to be charged on Monday, January 29, in the Sessions Court, Kuala Lumpur. The Malaysian Anti-Corruption Commission (MACC) alleges that Daim failed to comply with a notice to declare his assets, invoking Section 36(2) of the MACC Act 2009. Daim, acknowledging the impending charge, expressed readiness for his day in court. The MACC had initially secured permission to press charges, but the proceedings were delayed due to Daim’s hospitalization, with reasons undisclosed.

Background:

Former Finance Minister Tun Daim Zainuddin is facing charges related to the non-disclosure of assets, as per the MACC Act 2009.
MACC had obtained permission to charge Daim, but the process was deferred due to his admission to a private hospital.

Upcoming Charges:

Daim is expected to be formally charged on January 29 in the Sessions Court, Kuala Lumpur.
The charge pertains to an alleged failure to comply with a notice requiring the declaration of assets.

Daim’s Response:

Daim, in a statement, confirmed that his lawyer had been notified about the impending charges and expressed anticipation for his day in court.
Despite the situation, Daim appears resolute and ready to face the legal proceedings.

Health-Related Delay:

MACC Chief Commissioner Tan Sri Azam Baki confirmed the delay, citing Daim’s hospitalization before obtaining permission to press charges.
The exact reason for Daim’s hospital admission remains undisclosed.

Legal Context:

The charges against Daim fall under Section 36(2) of the MACC Act 2009, addressing offenses related to the disclosure of assets.
The legal process signifies a significant development in addressing alleged financial non-compliance by a former high-ranking official.