fbpx
Connect with us

News

An Ex-Finance Minister is Being Investigated For Storing Hundreds of Billions of Ringgit in Assets Abroad

Published

My Post 1 2023 02 14T170849.815
Source: Astro Awani & 123RF

Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.

A former Finance Minister is currently being investigated by the Malaysian Anti-Corruption Commission (MACC) in connection with the Pandora Papers, which revealed the storage of assets worth hundreds of BILLIONS of Ringgit abroad.

According to a report by Berita Harian, the former minister in question has been interrogated at the MACC Headquarters in Putrajaya.

It was also informed that the current investigation is aimed at the extraordinary wealth owned by several individuals, including former ministers and other dignitaries and their families, in addition to their links with offshore companies abroad.

Pandora 1

 

On top of that, MACC is also investigating the possibility of financial links owned, as a result of government tenders and projects. So far, no assets have been frozen by MACC.

As stated in the Pandora Papers, about 12 Malaysians individuals including 4 politicians were among dozens of heads of states, government officials and rulers from around the world who were found to be using offshore tax havens to hide assets worth hundreds of millions of dollars, over the past 25 years.

Datuk Seri Anwar Ibrahim (DSAI), when he was Leader of the Opposition, once proposed to debate the disclosure of the Pandora Papers. In a 2021 Parliament session, he had even accused the Speaker of the Dewan Rakyat of deliberately rejecting the motion and claimed that Datuk Azhar Azizan acted as a ‘lawyer’ for the political leaders and businessmen mentioned in the report.

Pandora 3

 

He added that the Pandora Papers need to be presented and debated as there are allegations of large amounts of money from Malaysia kept abroad, reaching hundreds of billions of Ringgit.

As explained by DSAI at the time, the debate should be done immediately as it not only involves the Pandora Papers, but also the that the 2012 Global Financial Integrity (GFI) report and the Panama Papers disclosure in 2015.

The GFI and the Panama Papers, among others, revealed the illegal flow of money and state abroad amounting to RM1,800 billion from 2004 to 2015.

 

Do stay tuned for more updates.

 

Also read: “Don’t challenge me” – DSAI Tells Muhyiddin Yassin Over Alleged Misappropriation of RM600 Billion

My Post 1 2022 12 06T142533.609

Source: Astro Awani
Source: 123RF

Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.



Just In

Feat Image Low Flying Aircraft Feat Image Low Flying Aircraft
News10 hours ago

Don’t Panic! Here’s Why You’ve Been Seeing Low Flying Royal Military Aircraft in Klang Valley Lately

If you’re living or working in and around Klang Valley, you may have noticed that the airspace has gotten slightly...

Collage 7 1 Collage 7 1
News10 hours ago

PDRM Investigates Viral Man Who Threw Tantrum in Subang Restaurant After Worker Called Him Uncle

The way you address certain figures, especially those with fame can be sensitive. If you’re in your 20s or early...

Feat Image Pakyu Kj Bung 1 Feat Image Pakyu Kj Bung 1
News12 hours ago

“Pakyu” – KJ Dubs Bung Moktar ‘Enemy of Public Health’, Reveals His Opposition to Anti-Smoking Law

Since his defeat in the 15th General Election (GE15) in an unfavourable seat and subsequent expulsion from UMNO, former Health...

Feat Image Haze Feat Image Haze
News16 hours ago

Indonesian Minister Assures That Haze Originating From The Country is No Longer an Issue

Over the past decade or so, several parts of our country recorded unhealthy air quality due to transboundary haze originating...

Collage 4 1 Collage 4 1
News17 hours ago

PDRM Arrests Viral Man in Perak Who Smacked a Lady Driver on Her Head, Here’s His Side of the Story

Whatever happens, things can be discussed in a civil manner and once you get physical, chances are the blame might...

Collage 3 1 Collage 3 1
News1 day ago

15cm Iron Metal Pierces Through 12yo Kid’s Buttocks After He Slipped Trying to Climb Over Fence

This might be a nightmare fuel to many of you and you might feel the pain even by just reading...

Collage 1 1 Collage 1 1
News2 days ago

“My terms & conditions” – KJ Hints at Possibility of His Return into Politics & Forming His Own Party

Ever since Khairy Jamaluddin became a radio DJ, some people have been wondering if he’ll ever return to politics since...

Collage 2 Collage 2
News2 days ago

Travellers from S’pore Encounter Fake Cops During “Car Chase” on JB Highway, PDRM Investigates

It’s a criminal offense to masquerade as a police personnel but some people still think it’s cool to impersonate a...

Announcement

Latest Videos



TRENDING TODAY