Latest news with #DaimZainuddin
The Sun
5 hours ago
- Politics
- The Sun
Mention of MACC's Ilham Tower forfeiture application set for Aug 6
KUALA LUMPUR: The mention of the Malaysian Anti-Corruption Commission's (MACC) forfeiture application for Ilham Tower, owned by the family of the late Tun Daim Zainuddin, has been fixed for Aug 6 at the Kuala Lumpur High Court. In a statement, the MACC said the application was filed on May 25 under Section 56 of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act. The statement further noted that the MACC will engage with enforcement authorities in the United States to obtain legal assistance in initiating proceedings against assets linked to Daim, his wife, Toh Puan Nai'mah Abdul Khalid, and their proxies within that jurisdiction. On June 25, MACC Chief Commissioner Tan Sri Azam Baki confirmed that the Commission had filed a forfeiture application in respect of the 60-storey building, which forms part of the latest series of assets identified for forfeiture proceedings involving the former finance minister, Nai'mah, and several of their proxies in Malaysia.
Malay Mail
6 hours ago
- Business
- Malay Mail
MACC's Ilham Tower forfeiture bid to be heard Aug 6 at KL High Court
KUALA LUMPUR, July 1 — The mention of the Malaysian Anti-Corruption Commission's (MACC) forfeiture application for Ilham Tower, owned by the family of the late Tun Daim Zainuddin, has been fixed for Aug 6 at the Kuala Lumpur High Court. In a statement, the MACC said the application was filed on May 25 under Section 56 of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act. The statement further noted that the MACC will engage with enforcement authorities in the United States to obtain legal assistance in initiating proceedings against assets linked to Daim, his wife, Toh Puan Nai'mah Abdul Khalid, and their proxies within that jurisdiction. On June 25, MACC Chief Commissioner Tan Sri Azam Baki confirmed that the Commission had filed a forfeiture application in respect of the 60-storey building, which forms part of the latest series of assets identified for forfeiture proceedings involving the former finance minister, Nai'mah, and several of their proxies in Malaysia. — Bernama
The Star
7 hours ago
- Business
- The Star
Mention of MACC's Ilham Tower forfeiture application set for Aug 6
KUALA LUMPUR: The mention of the Malaysian Anti-Corruption Commission's (MACC) forfeiture application for Ilham Tower, owned by the family of the late Tun Daim Zainuddin, has been fixed for Aug 6 at the Kuala Lumpur High Court. In a statement, the MACC said the application was filed on May 25 under Section 56 of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act. The statement further noted that the MACC will engage with enforcement authorities in the United States to obtain legal assistance in initiating proceedings against assets linked to Daim, his wife, Toh Puan Nai'mah Abdul Khalid, and their proxies within that jurisdiction. On June 25, MACC Chief Commissioner Tan Sri Azam Baki confirmed that the Commission had filed a forfeiture application in respect of the 60-storey building, which forms part of the latest series of assets identified for forfeiture proceedings involving the former finance minister, Nai'mah, and several of their proxies in Malaysia.- Bernama
Malaysiakini
a day ago
- Politics
- Malaysiakini
MACC's action against Daim amounts to abuse, says Mahathir
Dr Mahathir Mohamad has questioned the MACC's move to freeze overseas assets belonging to the late former finance minister Daim Zainuddin, reportedly worth around RM4 billion. The former prime minister described the authorities' drastic measures as a form of 'abuse' against Daim and his family, especially given that no formal charges have been brought so far. 'What was (the late) Tun Daim's crime? Did he steal? Is there...
Focus Malaysia
2 days ago
- Business
- Focus Malaysia
MACC targets RM4.5 bil in undeclared Daim assets across five countries
THE Malaysian Anti-Corruption Commission (MACC) has uncovered undeclared assets worth at least RM4.5 bil linked to the late former Finance Minister Tun Daim Zainuddin, his family, and proxies in five countries — the US, Singapore, Japan, Italy, and Jersey (a British island near France). These assets include condominiums, commercial buildings, bank accounts, a hotel in Japan, and a shopping mall in Italy. MACC plans to seek restraining orders to freeze them, with assistance from foreign authorities. 'All of these assets and properties were not declared to MACC during investigations conducted in 2023. Therefore, a restraining order will be sought soon, with help from the relevant countries,' a source said. Earlier, MACC froze seven properties and one bank account in the UK worth RM758.2 million, believed to be owned by Daim's wife, Toh Puan Na'imah Abdul Khalid, and her family. MACC found that the assets are linked to alleged offences under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act (AMLATFPUAA) 2001. However, on June 23, the Kuala Lumpur High Court temporarily suspended the freezing order after Daim's wife successfully challenged it through her lawyer, Datuk Dr Gurdial Singh Nijar. MACC is also seeking to seize Ilham Tower in Kuala Lumpur and has opened eight investigation papers based on new information from foreign agencies regarding Daim's undeclared assets during the 2023 probe. —June 29, 2025 Main image: Malay Mail
