Malaysia ex-Finance Minister, ex-Lawyer & Businessman Daim bin Zainuddin Dies at Age 86, Minister of Finance from 1984 to 1991 & Reappointed in 1999 to 2001, Had MYR 750 Million Liquid Assets in 1984 Before Joining Government, Was Owner of 2 Banks (Malaysia French Bank & UMBC), Had Substantial or Controlling Shareholdings in Maybank, Sime Darby, Nestle Malaysia, Guthrie, Cold Storage & TV3
13th November 2024 | Hong Kong
Malaysia ex-Finance Minister, ex-lawyer & businessman Daim bin Zainuddin has died at age 86 (13/11/24). Daim bin Zainuddin was Malaysia Minister of Finance from 1984 to 1991, and reappointed in 1999 to 2001. Daim bin Zainuddin had MYR 750 million of liquid assets in 1984 before joining the Malaysia government, owner of 2 banks (Malaysia French Bank & UMBC), and had substantial or controlling shareholdings in Maybank, Sime Darby, Nestle Malaysia, Guthrie, Cold Storage & TV3. In 2024 February, 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, ex-Lawyer & Businessman Daim bin Zainuddin Dies at Age 86, Minister of Finance from 1984 to 1991 & Reappointed in 1999 to 2001, Had MYR 750 Million Liquid Assets in 1984 Before Joining Government, Was Owner of 2 Banks (Malaysia French Bank & UMBC), Had Substantial or Controlling Shareholdings in Maybank, Sime Darby, Nestle Malaysia, Guthrie, Cold Storage & TV3 “
Malaysian Anti-Corruption Commission Investigates Singapore Businessman & Property Developer to Assist in Investigation of a High-Profile Individual in Malaysia, Datuk Seri Akbar Khan Named in Singapore Media Reports Related to Investigation of Malaysia Ex-Finance Minister Daim bin Zainuddin, Datuk Seri Akbar Khan is Executive Chairman of BBRB Developments Which Developed Malaysia Kuala Lumpur Bangsar Shopping Centre
16th March 2024 – Malaysian Anti-Corruption Commission (MACC) is investigating a Singapore businessman & property developer to assist in investigation of a high-profile individual in Malaysia, with Datuk Seri Akbar Khan named in Singapore media reports related to investigation of Malaysia ex-Finance Minister Daim bin Zainuddin. Datuk Seri Akbar Khan is the Executive Chairman of BBRB Developments, which developed Malaysia Kuala Lumpur Bangsar Shopping Centre. In February 2024, Malaysia anti-corruption agency was reported to be charging ex-Prime Minister Muhyiddin Yassin son-in-law Muhammad Adlan Berhan for involving in registration & recruiting foreign workers. Muhyiddin Yassin is facing 3 criminal charges, and Malaysia Ex-Prime Minister Mahathir Mohamad’s sons had been ordered to reveal their assets. In February 2024, 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 Anti-Corruption Agency to Charge Ex-Prime Minister Muhyiddin Yassin Son-in-Law Muhammad Adlan Berhan for Recruiting Foreign Workers, Muhyiddin Yassin Faces 3 Criminal Charges, Malaysia Ex-Prime Minister Mahathir Mohamad Sons Ordered to Reveal Assets, 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
24th February 2024 – Malaysia anti-corruption agency will be charging ex-Prime Minister Muhyiddin Yassin son-in-law Muhammad Adlan Berhan for involving in registration & recruiting foreign workers. Muhyiddin Yassin is facing 3 criminal charges, and Malaysia Ex-Prime Minister Mahathir Mohamad’s sons had been ordered to reveal their assets. In February 2024, 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
1st February 2024 – 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 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.
Sign Up / Register
Caproasia Users
- Manage $20 million to $3 billion of assets
- Invest $3 million to $300 million
- Advise institutions, billionaires, UHNWs & HNWs
Caproasia Platforms | 11,000 Investors & Advisors
- Caproasia.com
- Caproasia Access
- Caproasia Events
- The Financial Centre | Find Services
- Membership
- Family Office Circle
- Professional Investor Circle
- Investor Relations Network
Monthly Roundtable & Networking
Family Office Programs
The 2024 Investment Day
- March 2024 - Hong Kong
- March 2024 - Singapore
- July 2024 - Hong Kong
- July 2024 - Singapore
- Sept 2024 - Hong Kong
- Sept 2024 - Singapore
- Oct 2024 - Hong Kong
- Nov 2024 - Singapore
- Visit: The Investment Day | Register: Click here
Caproasia Summits
- The Institutional Investor Summit
- The Investment / Alternatives Summit
- The Private Wealth Summit
- The Family Office Summit
- The CEO & Entrepreneur Summit
- The Capital Markets Summit
- The ESG / Sustainable Investment Summit
