Why has MACC ordered Mirzan Mahathir to declare assets?

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MACC Ordered Mirzan Mahathir to Declare Assets Due to Ongoing Investigations

The Malaysian Anti-Corruption Commission (MACC) has ordered businessman Mirzan Mahathir to declare his assets as part of ongoing investigations stemming from information within the Panama Papers and his business dealings involving government-linked companies. Mirzan, son of former prime minister Tun Dr Mahathir Mohamad, was issued a notice under Section 36(1)(b) of the MACC Act 2009, requiring him to declare all his assets within 30 days of the notice. This action is a continuation of MACC's broader probe into entities and assets implicated in the Pandora Papers and Panama Papers leaks, which commenced in August 2022.
Investigations Linked to International Leaks

The MACC's investigation into Mirzan Mahathir's assets is directly connected to information uncovered in major international data leaks, specifically the Panama Papers and the Pandora Papers. These leaks have exposed financial and ownership details of numerous offshore entities. MACC began its systematic review of all entities and associated assets named in these leaks in August 2022, indicating a sustained effort to scrutinise financial activities potentially linked to corruption or illicit dealings.
Focus on Government-Linked Company Transactions

A significant aspect of the MACC's inquiry involves Mirzan Mahathir's business activities, particularly those concerning the sale and purchase of government-linked companies. The commission has stated that the order for asset declaration is a subsequent step arising from investigations into these specific transactions. This suggests a focus on potential impropriety or conflicts of interest in the transfer of ownership or control of state-affiliated entities.
MACC's Investigative Actions and Witness Interviews

As part of its ongoing probe, the MACC has actively engaged in gathering evidence and testimony. To date, a total of 10 witnesses have been interviewed to record their statements. Concurrently, the commission is undertaking a thorough review of financial documents and ownership records pertaining to the entities identified in the Pandora and Panama Papers reports. This systematic approach highlights the comprehensive nature of the investigation.

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Why has MACC ordered Mirzan Mahathir to declare assets?

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