Malaysia Ex-Finance Minister Daim bin Zainuddin & Wife Nai’mah Abdul Khalid Charged in Court Separately for Not declaring Wealth & Pleaded Not Guilty, Investigated for $500 Million Corruption in May 2023 & Anti-Corruption Unit Seized 60-Storey Ilham Tower Near Petronas Twin Towers on 21st December 2023, Acquired French Bank Indo-Suez in 1981 Renaming to Malaysian-French Bank & Sold Majority of Indo-Suez Shares to Maybank in Share Exchange 

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Malaysia Ex-Finance Minister Daim bin Zainuddin & Wife Nai’mah Abdul Khalid Charged in Court Separately for Not declaring Wealth & Pleaded Not Guilty, Investigated for $500 Million Corruption in May 2023 & Anti-Corruption Unit Seized 60-Storey Ilham Tower Near Petronas Twin Towers on 21st December 2023, Acquired French Bank Indo-Suez in 1981 Renaming to Malaysian-French Bank & Sold Majority of Indo-Suez Shares to Maybank in Share Exchange 

1st February 2024 | Hong Kong

Malaysia former Finance Minister Daim bin Zainuddin (Age 85) & wife Nai’mah Abdul Khalid had been charged in court separately for not declaring wealth and had both pleaded not guilty.  In 2023, Daim bin Zainuddin was being investigated for $500 million (MYR 2.3 billion) corruption in May 2023 and the Malaysian Anti-Corruption Commission (MACC) seized his 60-Storey Ilham Tower (near Petronas Twin Towers) on 21st December 2023.  The Malaysian Anti-Corruption Commission (MACC) had requested Daim bin Zainuddin to declare his family assets with the commission stating his refusing to provide the information.  The corruption investigation focused on a 1997 corporate transaction ($500 million / MYR 2.3 billion) of listed companies Renong Bhd and United Engineers Malaysia Bhd (UEM).  Daim bin Zainuddin is a politician, businessman and former Finance Minister (1984 to 1991).  In 1981, Daim bin Zainuddin had acquired French Bank Indo-Suez (Renamed to Malaysian-French Bank), and subsequently sold majority of Indo-Suez shares to Maybank in a share exchange.  

“ Malaysia Ex-Finance Minister Daim bin Zainuddin & Wife Nai’mah Abdul Khalid Charged in Court Separately for Not declaring Wealth & Pleaded Not Guilty, Investigated for $500 Million Corruption in May 2023 & Anti-Corruption Unit Seized 60-Storey Ilham Tower Near Petronas Twin Towers on 21st December 2023, Acquired French Bank Indo-Suez in 1981 Renaming to Malaysian-French Bank & Sold Majority of Indo-Suez Shares to Maybank in Share Exchange “

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Malaysia Ex-Finance Minister Daim bin Zainuddin Investigated for $500 Million Corruption in May 2023 & Anti-Corruption Unit Seized 60-Storey Ilham Tower Near Petronas Twin Towers on 21st December 2023, Acquired French Bank Indo-Suez in 1981 Renaming to Malaysian-French Bank & Sold Majority of Indo-Suez Shares to Maybank in Share Exchange 

28th December 2023 – Malaysia former Finance Minister Daim bin Zainuddin is being investigated for $500 million (MYR 2.3 billion) corruption in May 2023 and the Malaysian Anti-Corruption Commission (MACC) seized his 60-Storey Ilham Tower (near Petronas Twin Towers) on 21st December 2023.  The Malaysian Anti-Corruption Commission (MACC) had requested Daim bin Zainuddin to declare his family assets with the commission stating his refusing to provide the information.  The corruption investigation focused on a 1997 corporate transaction ($500 million / MYR 2.3 billion) of listed companies Renong Bhd and United Engineers Malaysia Bhd (UEM).  Daim bin Zainuddin is a politician, businessman and former Finance Minister (1984 to 1991).  In 1981, Daim bin Zainuddin had acquired French Bank Indo-Suez (Renamed to Malaysian-French Bank), and subsequently sold majority of Indo-Suez shares to Maybank in a share exchange.

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