10-04-2021, 04:00 PM
Pandora Papers shed light on offshore assets linked to Daim, who insists nothing shady about them
![[Image: daim_zainuddin_181219b.jpg]](https://media2.malaymail.com/uploads/articles/2019/2019-12/daim_zainuddin_181219b.jpg)
KUALA LUMPUR, Oct 4 — The Pandora Papers — documents obtained by the International Consortium of Investigative Journalists (ICIJ) on tax havens preferred by the rich and powerful — have shed some light on business associates of former finance minister Tun Daim Zainuddin.
Malaysiakini reported that according to the documents, which were sighted by them, the companies and trusts held by Daim's children, wife or known business associates jointly were worth at least £25 million (about RM141 million).
Daim’s sons, Muhammed Amir Zainuddin Daim and Muhammed Amin Zainuddin Daim were named owners of a British Virgin Islands (BVI) firm Newton Invest & Finance Limited (BVI) in 2007 when they were nine and 12 respectively.
By 2017, when the brothers were in their early 20s, they were owners of several offshore firms set up in tax havens, including Splendid International Ltd (BVI) which held London properties worth £12 million (about RM65 million at 2017 exchange rates).
Malaysiakini reported that according to the documents, which were sighted by them, the companies and trusts held by Daim's children, wife or known business associates jointly were worth at least £25 million (about RM141 million).
Daim’s sons, Muhammed Amir Zainuddin Daim and Muhammed Amin Zainuddin Daim were named owners of a British Virgin Islands (BVI) firm Newton Invest & Finance Limited (BVI) in 2007 when they were nine and 12 respectively.
By 2017, when the brothers were in their early 20s, they were owners of several offshore firms set up in tax havens, including Splendid International Ltd (BVI) which held London properties worth £12 million (about RM65 million at 2017 exchange rates).
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