SPRM to Expand Probe into Billionaire's Undisclosed Wealth

Malaysia's Anti-Corruption Agency to Expand Investigation into Billionaire's Undisclosed Assets Kuala Lumpur, May 28, 2025 – The Malaysian Anti-Corruption Commission (SPRM) has indicated that it may open more investigations into the undeclared assets of prominent Malaysian businessman Tun Daim Zainuddin and his family. This announcement follows statements made by the family's lawyer, prompting the SPRM to suggest that a significant portion of their wealth may have been obtained illegally. SPRM chief Azam Baki stated, "We will not rule out the possibility of opening more investigation papers related to the undeclared assets of Tun Daim Zainuddin and his family." He emphasized that the SPRM is committed to thoroughly investigating all allegations of corruption and will take appropriate action based on the evidence gathered. The SPRM estimates the value of the undeclared assets to be approximately 2 billion ringgit. The agency is currently working to establish the origins of these assets and determine whether any illegal activities were involved in their acquisition. While the family's lawyer has contested the SPRM's claims, the agency remains steadfast in its pursuit of justice. The ongoing investigation underscores the SPRM's dedication to upholding transparency and accountability in Malaysia's financial dealings.