Latest news with #Daim
New Straits Times
5 hours ago
- New Straits Times
MACC traces Daim's assets in five more countries
KUALA LUMPUR: After the United Kingdom, five more countries have become the focus of the Malaysian Anti-Corruption Commission (MACC) in its efforts to trace high-value assets belonging to the late Tun Daim Zainuddin, as well as his family members and proxies, which were not declared. Since last month, the anti-graft agency has already taken action involving several high-profile assets linked to Daim and his family in the UK and Malaysia. It is learnt that assets and properties linked to Daim, which were not declared to MACC during its investigation, are believed to be located in the United States, Singapore, Japan, Italy, and Jersey, an island nation in the English Channel off the coast of Normandy, France. Sources said that apart from these five countries, other nations where assets are allegedly being held will also face similar action. They said MACC will be seeking restraining orders to ensure that no action is taken involving the assets while detailed investigations are carried out. "MACC has traced related assets in several countries, particularly those that were not declared during the agency's investigation over the past few years," the source said. It was reported authorities in the UK have agreed to impose a restraining order on assets and properties worth £132 million (RM700 million) belonging to Daim's wife, Toh Puan Na'imah Abdul Khalid.
Malaysian Reserve
3 days ago
- Business
- Malaysian Reserve
MACC files forfeiture application for Menara Ilham
KUALA LUMPUR — The Malaysian Anti-Corruption Commission (MACC) has filed a forfeiture application for the Menara Ilham building linked to the late former finance minister, Tun Daim Zainuddin. MACC Chief Commissioner Tan Sri Azam Baki said the 60-storey building is among the latest assets subject to forfeiture proceedings involving Daim, his wife Toh Puan Na'imah Abdul Khalid and several of their local proxies. 'We will initiate the (forfeiture) process today, and I must say, it is not a simple task as there are many steps involved, and the documents (related to Menara Ilham) are extensive. 'In the next one to two weeks, more applications will be filed for properties linked to the individuals concerned,' he said at a press conference at the MACC headquarters here today. Azam also said the MACC has obtained a Restraining Order in Malaysia against assets belonging to Daim and related parties in the United Kingdom, estimated to be worth RM700 million. Following this, UK authorities have been notified and agreed to file a Restraining Order application in UK courts based on Malaysia's request. Earlier this month, the MACC once again seized Menara Ilham after securing permission from the Deputy Public Prosecutor to do so. On Monday, the High Court temporarily suspended an order to freeze seven properties, including three luxury residences in London, and one bank account, allegedly belonging to Na'imah and her family. Previously, the MACC had obtained an ex parte order to freeze the seven properties and one bank account, all of which are valued at £132 million (RM758.2 million), under Section 53 of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act (AMLATFPUAA) 2001. According to the MACC's application, investigations found that the movable and immovable assets were matters or evidence relating to alleged offences under Section 4(1) of the AMLATFPUAA 2001. — BERNAMA
The Sun
3 days ago
- Business
- The Sun
MACC files forfeiture application for Menara Ilham building
KUALA LUMPUR: The Malaysian Anti-Corruption Commission (MACC) has filed a forfeiture application for the Menara Ilham building linked to the late former finance minister, Tun Daim Zainuddin. MACC Chief Commissioner Tan Sri Azam Baki said the 60-storey building is among the latest assets subject to forfeiture proceedings involving Daim, his wife Toh Puan Na'imah Abdul Khalid and several of their local proxies. 'We will initiate the (forfeiture) process today, and I must say, it is not a simple task as there are many steps involved, and the documents (related to Menara Ilham) are extensive. 'In the next one to two weeks, more applications will be filed for properties linked to the individuals concerned,' he said at a press conference at the MACC headquarters here today. Azam also said the MACC has obtained a Restraining Order in Malaysia against assets belonging to Daim and related parties in the United Kingdom, estimated to be worth RM700 million. Following this, UK authorities have been notified and agreed to file a Restraining Order application in UK courts based on Malaysia's request. Earlier this month, the MACC once again seized Menara Ilham after securing permission from the Deputy Public Prosecutor to do so. On Monday, the High Court temporarily suspended an order to freeze seven properties, including three luxury residences in London, and one bank account, allegedly belonging to Na'imah and her family. Previously, the MACC had obtained an ex parte order to freeze the seven properties and one bank account, all of which are valued at £132 million (RM758.2 million), under Section 53 of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act (AMLATFPUAA) 2001. According to the MACC's application, investigations found that the movable and immovable assets were matters or evidence relating to alleged offences under Section 4(1) of the AMLATFPUAA 2001.
Barnama
3 days ago
- Business
- Barnama
MACC Files Forfeiture Application For Menara Ilham
KUALA LUMPUR, June 25 (Bernama) -- The Malaysian Anti-Corruption Commission (MACC) has filed a forfeiture application for the Menara Ilham building linked to the late former finance minister, Tun Daim Zainuddin. MACC Chief Commissioner Tan Sri Azam Baki said the 60-storey building is among the latest assets subject to forfeiture proceedings involving Daim, his wife Toh Puan Na'imah Abdul Khalid and several of their local proxies. 'We will initiate the (forfeiture) process today, and I must say, it is not a simple task as there are many steps involved, and the documents (related to Menara Ilham) are extensive. 'In the next one to two weeks, more applications will be filed for properties linked to the individuals concerned,' he said at a press conference at the MACC headquarters here today. Azam also said the MACC has obtained a Restraining Order in Malaysia against assets belonging to Daim and related parties in the United Kingdom, estimated to be worth RM700 million. Following this, UK authorities have been notified and agreed to file a Restraining Order application in UK courts based on Malaysia's request. Earlier this month, the MACC once again seized Menara Ilham after securing permission from the Deputy Public Prosecutor to do so. On Monday, the High Court temporarily suspended an order to freeze seven properties, including three luxury residences in London, and one bank account, allegedly belonging to Na'imah and her family. Previously, the MACC had obtained an ex parte order to freeze the seven properties and one bank account, all of which are valued at £132 million (RM758.2 million), under Section 53 of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act (AMLATFPUAA) 2001.
The Sun
5 days ago
- Business
- The Sun
Court grants stay on MACC's UK asset freeze of Daim's widow
KUALA LUMPUR: The High Court today allowed an application by Toh Puan Na'imah Abdul Khalid, the widow of the late Tun Daim Zainuddin, for a stay of its ex parte order to freeze assets belonging to her and her family worth GBP132 million in London by the Malaysian Anti-Corruption Commission (MACC). The assets comprise two commercial buildings located at St Mary Axe and One Crown Court; three luxury residences at Bryanston Square, Bryanston Mews and Lancaster Gate; two residential units in Gloucester Place; and a bank account at CAF Bank Limited (UK), allegedly held under The Ilham Foundation. Judge Datuk Azhar Abdul Hamid granted the stay after allowing Na'imah's application, who was represented by counsel Datuk Dr Gurdial Singh Nijar. The court fixed July 9 to hear Na'imah's application to intervene in the main proceedings relating to the freezing of the assets. On June 3, the same court had allowed the MACC's ex-parte application to freeze the said assets under Section 53 of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (AMLATFPUAA 2001). In a separate High Court today, Judge K. Muniandy fixed Aug 1 to hear Na'imah's application to intervene in MACC's separate ex-parte application to freeze 12 investment accounts in Singapore, allegedly owned by Na'imah, her family and associates, with a total value over RM544 million. Earlier, Deputy Public Prosecutor Wan Nur Iman Wan Mohd Afzal requested the court to allow MACC's ex-parte application to freeze the said assets, following findings that the assets had not been declared. 'The total value of these movable assets exceeds RM544 million, consisting of investments in USD and pound sterling. Therefore, we request that this application be heard, and these assets be frozen to prevent the risk of disposal,' she said. On May 22, MACC Chief Commissioner Tan Sri Azam Baki said eight investigation papers were opened based on new information received from external agencies regarding the assets owned by Daim, his family and proxies. Azam said the latest information indicated that the assets owned by Daim, his family and associates were not declared to MACC during the 2023 investigation.
