The Wealth of the House of Daim
The Pandora Papers – documents obtained by the International Consortium of Investigative Journalists (ICIJ) on tax havens used by the rich and powerful – released recently have shown Malaysia how rich our former Minister of Finance, Tun Daim Zainuddin, actually is. In a widely circulated report by Malaysiakini, around RM 141 million in companies and trusts based offshore are held by Daim’s wife, children, and known associates. Source: https://www.malaymail.com/news/malaysia/2021/10/04/pandora-papers-shed-light-on-offshore-assets-linked-to-daim-who-insists-not/2010569 https://www.malaymail.com/news/malaysia/2021/10/04/pandora-papers-shed-light-on-offshore-assets-linked-to-daim-who-insists-not/2010569 Most notably, two of his sons were named owners of a British Virgin Islands firm, Newton Invest & Finance Limited, when they were both nine and twelve years old respectively. As they grew older, they ended up owning several other offshore firms set up in the British Virgin I...