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The Star
5 days ago
- Business
- The Star
MACC pursues foreign assets linked to Daim
PETALING JAYA: The Malaysian Anti-Corruption Commission (MACC) is seeking to seize and forfeit overseas assets worth RM3bil belonging to the late Tun Daim Zainuddin and his family. The MACC said its Special Operations Division had uncovered offshore assets allegedly linked to the former finance minister, his wife Toh Puan Na'imah Khalid, their family members, and close associates. These high-value assets are located in the United Kingdom, the United States, Switzerland, Singapore, the British Virgin Islands, the Cayman Islands, Jersey, Italy, Japan, Indonesia, and several countries in Africa. The findings stem from the MACC's investigation in collaboration with the United Kingdom's National Crime Agency and the International Anti-Corruption Coordination Centre (IACCC). On June 3, the MACC obtained a restraining order from the Kuala Lumpur High Court under Section 53 of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 for seven assets in the United Kingdom worth RM758mil. It said a Mutual Legal Assistance (MLA) application is being processed with UK authorities via the Attorney General's Chambers (AGC). Further discussions are also ongoing with the IACCC to ensure effective and proper enforcement action. Applications for restraining orders have also been filed against assets in Singapore and Jersey. The hearings for these applications, covering four bank accounts and investments worth RM1.15bil in Jersey, and 12 bank accounts and investments worth RM540mil in Singapore, were held at the Kuala Lumpur High Court on June 23 and 25. 'In addition, requests for further information regarding assets in the United States, Switzerland, the British Virgin Islands, the Cayman Islands, Italy, and Japan are being made through cooperation with Bank Negara, the IACCC, and MLA applications via the AGC. This is to facilitate legal and comprehensive action for asset seizure and forfeiture,' the commission said yesterday. Domestically, the MACC seized Ilham Tower on June 5 and filed a forfeiture application at the Kuala Lumpur High Court on June 25 for the property located at Jalan Binjai, Kuala Lumpur. The MACC also recorded statements from Na'imah and her son, Muhammed Amir Zainuddin Daim, on June 14 in relation to undeclared extraordinary assets. A statement from the couple's second son, Muhammed Amin Zainuddin Daim, currently in the United Kingdom, was also taken. All three are main shareholders of Ilham Baru Sdn Bhd, which is the majority shareholder of Ilham Tower Sdn Bhd and the beneficial owner of Ilham Tower. 'In line with Section 36(1) of the MACC Act 2009, Asset Declaration Notices were served on July 10 to 22 individuals identified as relatives and close associates of the late Tun Daim and Na'imah. This is for the purpose of identifying and confirming ownership of the assets,' the MACC said. It emphasised that the action taken is part of its duty to ensure there is no element of corruption, embezzlement, or abuse of power in the management of the nation's wealth. 'The MACC remains committed to conducting its investigation independently, transparently, and in accordance with the law, without interference or political influence,' it added.
Sinar Daily
5 days ago
- Business
- Sinar Daily
Tun Daim's case: MACC identifies assets worth over RM3 billion in 11 countries
KUALA LUMPUR - The Malaysian Anti-Corruption Commission (MACC) has identified assets worth over RM3 billion in 11 countries linked to the late Tun Daim Zainuddin, his wife Toh Puan Na'imah Khalid, his family members and networks of associates. The commission said that its Special Operations Division was conducting investigations and enforcement focused on seizing and forfeiting the extraordinary assets. "The 11 countries are the United Kingdom (UK), the United States (US), Switzerland, Singapore, the British Virgin Islands, the Cayman Islands, Jersey, Italy, Japan, Indonesia and several countries in the African continent, with an estimated value of over RM3 billion,' it said in a statement today, adding that the investigation was conducted with strategic cooperation with several enforcement agencies in the UK, including the National Crime Agency (NCA) and the International Anti-Corruption Coordination Centre (IACCC). The commission has also obtained a freeze asset order from the Kuala Lumpur High Court on June 3 against seven fixed and liquid assets worth an estimated RM758 million in the UK under Section 53 of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act (AMLATFPUAA) 2001. "An application of Mutual Legal Assistance (MLA) to the UK authorities is being processed through the Attorney-General's Chambers (AGC) while further discussions with the IACCC is being coordinated to ensure enforcement action is taken systemically and effectively,' the commission said. In addition, the MACC also revealed that freeze asset orders have been filed against assets in Singapore and Jersey at the Kuala Lumpur High Court on June 19, with the hearings taking place on June 23 and 25. "Assets involved include four bank and investment accounts worth RM1.15 billion in Jersey while in Singapore, 12 bank and investment accounts worth RM540 million are involved,' the MACC added. Requests for further information regarding assets in countries such as the US, Switzerland, British Virgin Islands, Cayman Islands, Italy and Japan are being submitted through collaboration with Bank Negara Malaysia (BNM), IACCC and MLA applications through AGC, to enable asset seizure and forfeiture actions to be carried out legally and comprehensively, the commission shared. "Domestically, the MACC has obtained an order to seize Menara Ilham on June 4, which was carried out the day after. Application to forfeit without prosecution under Section 56 of the AMLATFPUAA 2001 was filed at the Kuala Lumpur High Court on June 25,' the commission said, adding that statements from Na'imah and her son, Muhammed Amir Zainuddin Daim regarding the ownership of undeclared extraordinary assets were recorded on June 14. "Consequently, statements will be taken from the second child, Muhammed Amin Zainuddin Daim, who is currently in the UK. All three individuals are the main shareholders of Ilham Baru Sdn Bhd, the company with majority shares in Ilham Tower Sdn Bhd and identified as the beneficial owner of Menara Ilham,' it said. In line with Section 36(1) of the MACC Act 2009, a notice of asset declaration was handed to 22 individuals identified as relatives or close associates of Diam and Na'imah since yesterday for the purpose of identifying and confirming asset ownership. The MACC stressed that all actions taken were part of the commission's functions and role to ensure there was no element of corruption, embezzlement and abuse of power in the management of the country's wealth. "The MACC is committed to carrying out its investigation independently, transparently and based on law, without any interference or political interest,' it added. - BERNAMA
The Sun
5 days ago
- Business
- The Sun
MACC tracks RM3 billion assets linked to Tun Daim in 11 countries
KUALA LUMPUR: The Malaysian Anti-Corruption Commission (MACC) has identified assets worth over RM3 billion in 11 countries linked to the late Tun Daim Zainuddin, his wife Toh Puan Na'imah Khalid, his family members and networks of associates. The commission said that its Special Operations Division was conducting investigations and enforcement forcused on seizing and forfeiting the extraordinary assets. 'The 11 countries are the United Kingdom (UK), the United States (US), Switzerland, Singapore, the British Virgin Islands, the Cayman Islands, Jersey, Italy, Japan, Indonesia and several countries in the African continent, with an estimated value of over RM3 billion,' it said in a statement today, adding that the investigation was conducted with strategic cooperation with several enforcement agencies in the UK, including the National Crime Agency (NCA) and the International Anti-Corruption Coordination Centre (IACCC). The commission has also obtained a freeze asset order from the Kuala Lumpur High Court on June 3 against seven fixed and liquid assets worth an estimated RM758 million in the UK under Section 53 of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act (AMLATFPUAA) 2001. 'An application of Mutual Legal Assistance (MLA) to the UK authorities is being processed through the Attorney-General's Chambers (AGC) while further discussions with the IACCC is being coordinated to ensure enforcement action is taken systemically and effectively,' the commission said. In addition, the MACC also revealed that freeze asset orders have been filed against assets in Singapore and Jersey at the Kuala Lumpur High Court on June 19, with the hearings taking place on June 23 and 25. 'Assets involved include four bank and investment accounts worth RM1.15 billion in Jersey while in Singapore, 12 bank and investment accounts worth RM540 million are involved,' the MACC added. Requests for further information regarding assets in countries such as the US, Switzerland, British Virgin Islands, Cayman Islands, Italy and Japan are being submitted through collaboration with Bank Negara Malaysia (BNM), IACCC and MLA applications through AGC, to enable asset seizure and forfeiture actions to be carried out legally and comprehensively, the commission shared. 'Domestically, the MACC has obtained an order to seize Menara Ilham on June 4, which was carried out the day after. Application to forfeit without prosecution under Section 56 of the AMLATFPUAA 2001 was filed at the Kuala Lumpur High Court on June 25,' the commission said, adding that statements from Na'imah and her son, Muhammed Amir Zainuddin Daim regarding the ownership of undeclared extraordinary assets were recorded on June 14. 'Consequently, statements will be taken from the second child, Muhammed Amin Zainuddin Daim, who is currently in the UK. All three individuals are the main shareholders of Ilham Baru Sdn Bhd, the company with majority shares in Ilham Tower Sdn Bhd and identified as the beneficial owner of Menara Ilham,' it said. In line with Section 36(1) of the MACC Act 2009, a notice of asset declaration was handed to 22 individuals identified as relatives or close associates of Diam and Na'imah since yesterday for the purpose of identifying and confirming asset ownership. The MACC stressed that all actions taken were part of the commission's functions and role to ensure there was no element of corruption, embezzlement and abuse of power in the management of the country's wealth. 'The MACC is committed to carrying out its investigation independently, transparently and based on law, without any interference or political interest,' it added. - Bernama
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New Straits Times
6 days ago
- Business
- New Straits Times
[UPDATED] MACC seeks forfeiture of RM3b assets linked to Daim, family
KUALA LUMPUR: The Malaysian Anti-Corruption Commission (MACC) is moving to seize and forfeit more than RM3 billion worth of assets allegedly linked to the late Tun Daim Zainuddin, his widow Toh Puan Na'imah Khalid, their family members, and close associates. In a statement today, the commission said its Special Operations Division had identified ownership of high-value assets in 11 countries. These countries include the United Kingdom, United States, Switzerland, Singapore, British Virgin Islands, Cayman Islands, Jersey, Italy, Japan, Indonesia, and several African nations. The investigation was carried out in cooperation with enforcement agencies in the United Kingdom, namely the National Crime Agency (NCA) and the International Anti-Corruption Coordination Centre (IACCC). So far, a restraining order was issued by the Kuala Lumpur High Court on June 3, under Section 53 of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (AMLATFPUAA), involving seven assets in the UK valued at RM758 million. "An application for Mutual Legal Assistance (MLA) is currently being processed with the UK authorities via the Attorney General's Chambers. Further coordination with the IACCC is ongoing to ensure effective enforcement," MACC said. The commission also filed similar restraining orders through the Kuala Lumpur High Court on June 19 for assets in Jersey and Singapore. The hearings took place on June 23 and 25. The assets in question include four bank and investment accounts in Jersey worth RM1.15 billion, and 12 accounts in Singapore amounting to RM540 million. MACC said additional requests for information on assets located in the United States, Switzerland, the British Virgin Islands, Cayman Islands, Italy, and Japan are being pursued with the assistance of Bank Negara Malaysia, the IACCC, and MLA applications. Locally, the commission confirmed that it seized Ilham Tower in Kuala Lumpur on June 5, following a court order issued a day earlier. A forfeiture application without prosecution was filed on June 25 under Section 56 of the AMLATFPUAA. As part of the ongoing probe, MACC recorded statements from Na'imah and her son, Muhammed Amir Zainuddin Daim, on June 14 regarding undeclared high-value commission plans to obtain a statement from their second son, Muhammed Amin Zainuddin Daim, who is currently residing in the UK. "All three individuals are key shareholders of Ilham Baru Sdn Bhd, which owns a majority stake in Ilham Tower Sdn Bhd. They have been identified as beneficial owners of Ilham Tower," the commission said. In line with Section 36(1) of the MACC Act 2009, the commission said it began issuing notices on July 10 to 22 individuals identified as close relatives and associates of Daim and Na'imah, requiring them to declare their assets for verification.
Sky News
05-03-2025
- Politics
- Sky News
UK investigators may assist with Bangladeshi probes into alleged corruption
UK-based investigators are looking at how they can assist with probes into alleged grand corruption in Bangladesh, Sky News understands. The development comes after the interim leader of Bangladesh said that Labour MP Tulip Siddiq had "wealth left behind" in the country "and should be made responsible". Ms Siddiq resigned as anti-corruption minister in January after being named in corruption probes opened by the authorities in Bangladesh. A spokesperson for the London MP said she "totally denies the claims" and had "not been contacted on these matters". Sky News understands the International Anti-Corruption Co-ordination Centre (IACCC) is now "exploring opportunities" to assist government and law-enforcement agencies in Bangladesh with their efforts to investigate allegations of grand corruption. The IACCC is currently hosted by the National Crime Agency (NCA) and principally funded by the UK government. It consists of experts and analysts who work with overseas partners on inquiries into grand corruption. Staff from the NCA visited Bangladesh in October and November as part of initial work to support the interim government in the country. This explorative work does not mean that UK agencies are involved with probes directly into Ms Siddiq and sources said the development should not be taken as confirmation the NCA or IACCC are supporting any particular inquiry. However, it does raise the prospect of UK authorities investigating whether money allegedly taken out of Bangladesh under the previous regime was brought into this country. The allegations against Ms Siddiq are focused on links to her aunt Sheikh Hasina - who served as the prime minister of Bangladesh for 20 years. Ms Hasina was forced to flee the country in August following weeks of deadly protests. She has since been accused of crime and corruption while in office by the new administration. Ms Siddiq was found to have lived in several London properties that had links back to the Awami League political party that her aunt still leads. She referred herself to the prime minister's standards adviser Sir Laurie Magnus who said he had "not identified evidence of improprieties" but added it was "regrettable" Ms Siddiq had not been more alert to the "potential reputational risks" of the ties to her aunt. Ms Siddiq said continuing in her role would be "a distraction" for the government but insisted she had done nothing wrong. Labour sources said Ms Siddiq does not have an overseas bank account, does not own any property abroad and had not been contacted by authorities in either the UK or Bangladesh. They also suggested that many of the allegations levelled at the Labour MP were spurious and that she had been caught up in Bangladeshi political arguments.
