KUALA LUMPUR (Oct 4): Umno president Datuk Seri Ahmad Zahid Hamidi has denied any involvement in tax evasion activities, after the leaked Pandora Papers linked him to a firm involved in offshore financial transactions that is based in the British Virgin Islands (BVI).

Speaking in the Dewan Rakyat on Monday, Ahmad Zahid (BN-Bagan Datuk) said the arrangement was made during his time as the CEO of a public-listed company in order to facilitate dividend payouts from profits in its investee country.