Malaysia

MACC tells Mirzan Mahathir to declare assets within 30 days

The order is a follow-up on MACC's investigation regarding information divulged from the Panama Papers

Updated 2 years ago · Published on 18 Jan 2024 6:40PM

MACC tells Mirzan Mahathir to declare assets within 30 days
Mirzan Mahathir was present at the MACC headquarters in Putrajaya on Wednesday to assist with ongoing investigations, the agency confirmed. Facebook-PayHalal.my pic.

THE SON of former prime minister Tun Dr. Mahathir Mohamad, Mirzan, has been told to declare all movable and immovable assets that are in his possession either inside or outside the country to the Malaysian Anti-Corruption Commission (MACC).

The declaration must be done within thirty days following a notice about the order served on him by the MACC under Section 36(1)(b) of the MACC Act 2009 yesterday.

The commission today confirmed in a statement that the businessman was present at its headquarters in Putrajaya yesterday to assist with ongoing investigations.

Mirzan came to the headquarters at 9.30am before the notice was handed to him.

“The notice is a follow-up action from the MACC's investigation into the information from the Panama Papers, as well as his business activities involving the sale and purchase of government-linked companies,” the agency said in a statement.

"The investigation is being conducted under the MACC Act 2009 as well as the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (AMLATFPUAA)," it added.

According tp the statement, the MACC had begun investigations since August 2022 on all entities that were linked and named in the Pandora Papers report as well as the Panama Papers.

"A total of 10 witnesses were called for the purpose of recording statements," it revealed.

“The MACC is examining financial documents and asset ownership of the entities listed in those reports, and the investigation is still actively ongoing."

It has been reported that Mirzan is among several high-profile individuals whose names are mentioned in the Pandora Papers exposé.

Utusan Malaysia cited a source as saying that the MACC investigation focuses on various angles, including tracking assets and investments overseas which were possibly accrued due to government projects.

"In addition, the MACC investigation is also related to the issue of his involvement in the Konsortium Perkapalan shipping company in the 1990s.

"At that time, the company was then bailed out by a national petroleum giant during the economic crisis in 1998 when his father was the prime minister," the daily quoted a source as saying. – The Vibes, January 18, 2024

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