Panama Papers: Najib's son says leak does not automatically implicate anybody in any crime

He has also described the date leak as a huge invasion of privacy.

In a Facebook posting, the son of Prime Minister Datuk Seri Najib Razak said he is no longer involved in the two companies named in the Panama Papers.

He said he had held directorships in two companies namely Jay Marriot International in 2009 and PCJ International Venture Limited in 2012.

“For Jay Marriot, I have transferred all my shares to (fellow director) Ch'ng Soon Sen's sister and resigned in 2011.

“As for PCJ International, the company was shut down a year after its formation (2013) as there were no business transactions,” he said on Facebook.

The Panama Papers information leak involved over 11.5 million confidential documents created by Panamanian corporate service provider Mossack Fonseca.

The documents provided detailed information on more than 214,000 offshore companies, the names of their shareholders as well as their directors, who included government leaders, their close associates and relatives.

Those named in the Panama Papers include individuals from Malaysia, Brazil, China, France, India, Pakistan, the UK, South Africa, Spain, Syria, Russia, Mexico, Argentina and Ukraine.

The first major political casualty to emerge from the leak of the Panama Papers yesterday was Iceland's Prime Minister Sigmundur David Gunnlaugsson, who resigned Tuesday.

The 41-year-old premier has been under pressure to resign since leaked financial documents showed that he and his wife Anna Sigurlaug Palsdottir owned an offshore company in the British Virgin Islands and had placed millions of dollars there.

Singapore yesterday had announced that it will investigate f there is any individual or entity in the republic named in the leaked documents from a Panamanian law firm.