Malaysian authorities are ready to act in response to the Panama Papers

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Malaysian Prime Minister Ismail Sabri Yaakob said enforcement agencies could act based on claims made in the Panama Papers disclosures, a hidden trove of information concerning world leaders’ offshore finances.
On Saturday (October 16), Datuk Seri Ismail stated that the government would not interfere with or prevent the authorities from pursuing any prosecution based on information in the publications.
“We live in a free nation. The authorities are allowed to intervene if they have a case against them “he stated. He also stated that the authorities have access to every information provided in the papers, stating that the Malaysian Anti-Corruption Commission has access to the information.
“So we’ll leave it to the authorities,” Mr. Ismail added, “and we won’t stop them from taking action.” Mr. Ismail, on the other hand, noted that proof is required before action can be done against individuals who have been accused. “Before taking action, there must be proof. If not, you won’t be able to “he stated
On Saturday, Malaysian police announced the launch of two investigations into the Pandora Papers. Commissioner Abd Jalil Hassan, director of the Criminal Investigation Department, said the police had received four police complaints on the subject so far. Thousands of people worldwide were linked to offshore businesses or trusts in the latest leak of sensitive financial information, nicknamed the Pandora Papers, earlier this month, including scores of important Asians, including governing party politicians.
The International Consortium of Investigative Journalists’ almost three-terabyte data dump is the network’s largest to date, even compared to 2016’s Panama Papers and more than double the size of 2017’s Paradise Papers. About a dozen famous Malaysians were identified in the 12 million files that make up the Pandora Papers.

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