Rais Yatim says Daim Zainuddin’s astute strategies helped Malaysia avoid turning to the International Monetary Fund for a bailout.

Malaysia's Daim Zainuddin, an influential two-times finance minister who led major economic reforms and helped steer the Southeast Asian nation through recessions and the Asian financial crisis, died on Wednesday,

Daim Zainuddin, Malaysia's former finance minister, passed away on Wednesday (Nov 13) at the age of 86, his family confirm..|News Track

Malaysia's former finance minister Daim Zainuddin arrives at the Kuala Lumpur court complex in Kuala Lumpur, Malaysia January 29, 2024. REUTERS/Hasnoor Hussai

Former Malaysian Finance Minister Daim Zainuddin, who pleaded not guilty to charges of failing to disclose assets earlier this year, died early on Wednesday, his lawyer said. The 86-year-old Daim served as finance minister from 1984 to 1991 and from 1999 to 2001 under former premier Mahathir Mohamad.

Malaysia’s former Finance Minister Daim Zainuddin passed away on Wednesday morning at a local hospital, according to his lawyer.

Former Malaysian Finance Minister Daim Zainuddin passed away at 86. He had been in ICU after a stroke and faced charges of failing to disclose assets earlier this year.