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Top Malaysian politicians use offshore secrecy

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Key members of the Malaysian government, their families, and well-heeled associates are among those owning secretive offshore companies in Singapore and the British Virgin Islands, according to a cache of leaked documents.

They include former prime minister Mahathir Mohamad's son Mirzan, Federal Territories and Urban Well-Being Minister Raja Nong Chik Zainal Abidin and Michael Chia, the alleged ‘bagman' for Sabah Chief Minister Musa Aman.

The files, which were obtained by the Washington-based International Consortium of Investigative Journalists (ICIJ) and examined by Malaysiakini, show more than 1,500 Malaysians owning offshore companies in Singapore – dubbed as the new Switzerland  – as well as the British Virgin Islands (BVI), an international tax haven.

The ICIJ list comprises a curious mix of Forbes-listed tycoons, parliamentarians, retired politicians, civil servants and their spouses, members of royal families, famous and infamous businesspeople, underworld kingpins and even former beauty queens.

Click through to ICIJ.org to continue reading.

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Then-Malaysian Prime Minister Mahathir Mohamad, with his son, Mirzan Mahathir, at the 1997 ASEAN summit.International Consortium of Investigative Journalistshttp://www.publicintegrity.org/authors/international-consortium-investigative-journalistshttp://www.publicintegrity.org/2013/04/09/12461/top-malaysian-politicians-use-offshore-secrecy

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