Daim Zainuddin, Mahathir confidante who navigated financial crises

Malaysia's former financial minister dies aged 86 with graft cases looming

20241118 Mahathir Mohamad and Daim Zainuddin 2

Former Finance Minister Daim Zainuddin, second from right, with former Malaysian strongman Mahathir Mohamad during an election campaign in 2018. © AP

CK TAN, Nikkei staff writer

TOKYO -- Daim Zainuddin, Malaysia's former economic czar who guided the country through financial crises and whose attempts to nurture Malay capitalists led to government bailouts, died on Nov. 13 at the age of 86.

His reputation for being former Prime Minister Mahathir Mohamad's chief confidante was tarnished in the months before his death, when he was charged by the country's anti-graft agency with not declaring assets.

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