No Evidence Zahid Has RM230M Assets

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According to Law Minister Liew Vui Keong, there is no evidence that Umno president Ahmad Zahid Hamidi had RM230 million in assets.

In a parliamentary written reply to Bukit Gelugor MP Ramkarpal Singh who asked if the government will investigate the allegation, Liew said the Malaysian Anti-Corruption Commission (MACC) would investigate the matter should any evidence be adduced.

Allegations on Zahid’s exceptional wealth emerged last August when he was involved in a fracas with Dr Mahathir Mohamad.

Zahid had accused Mahathir of having Indian roots and referred to an old version of the latter’s identity card as evidence.


Mahathir retaliated by accusing Zahid of making an asset declaration in 1996 which amounted to nine figures. At the time, Mahathir was Umno president and Zahid the Youth chief.

Following this, Zahid claimed Mahathir was lying and welcomed investigations by the MACC.

Zahid said that at the material time he was a businessman, the chief executive officer of a public-listed company and chairman of Bank Simpanan Nasional.

He also called on the authorities to investigate Mahathir’s children over their source of wealth.

Earlier reports:

Aug 12, 2017, MACC Says No Basis to Probe Zahid’s Alleged Wealth

Aug 7, 2017, More Calls to Probe Mahathir’s and Zahid’s Wealth

Aug 5, 2017, MACC Willing to Call Mahathir if It Probes Zahid’s Alleged RM230M