Latest news with #IsmailSabri
The Star
a day ago
- Business
- The Star
UK authorities join forfeiture bid on Daim's assets
PUTRAJAYA: Steps to forfeit assets belonging to the late finance minister Tun Daim Zainuddin, his family and proxies in the United Kingdom have begun, says the Malaysian Anti-Corruption Commission (MACC). Chief commissioner Tan Sri Azam Baki said the agency had also filed applications for the forfeiture of Ilham Tower yesterday. 'On June 5, we have filed for a restraining order on assets in UK worth RM700mil. We have informed the authorities in the UK and yesterday they informed us they have filed the same to their courts. 'This is a new development where the UK authorities agree with our request in Malaysia and the process will be continued at their courts,' he said this at a press conference here yesterday. 'On the defendant's side they have filed for an intervention and the courts have set July 9 for it. This is for case management and the restraining order application remains. Meanwhile on the forfeiture proceedings of Ilham Tower, he said, it would not be an easy process. 'There is a lot to be done and the documents involved are also quite thick,' he said. Media reports on June 3 stated that three luxury homes in London were among the seven properties and one bank account said to belong to Na'imah and her family, involving a total value of UK£132mil (RM758.2mil), which were frozen by the MACC. MACC investigations found that the movable and immovable assets were linked to alleged offences under Section 4(1) of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act (AMLATFPUAA) 2001. Ilham Tower, owned by Daim's family, was first seized by MACC in December 2023 in its anti-money laundering probe involving a corporate transaction of RM2.3bil (US$500mil) in November 1997 involving public-listed Renong Bhd and United Engineers Malaysia Bhd (UEM), both linked to Umno. In an unrelated matter, Azam said that there was no decision made yet on any criminal charges on former prime minister Datuk Seri Ismail Sabri Yaakob. 'All investigation papers have been forwarded to the DPP and we have been told that they have agreed to file for the asset forfeiture on the monies seized, worth around RM170mil, in the coming two weeks. It is up to him to challenge our application. 'Regarding criminal charges, we are awaiting the DPP's decision. I do not know when they will be but I believe a decision will be made within a month,' he said. He added that on their end investigations have been deemed completed. When asked on the role of Ismail Sabri's former son-in-law Datuk Jovian Mandagie in the investigation, he said that he is a witness. On March 3, Azam had disclosed that Ismail Sabri is a suspect in an ongoing corruption and money laundering investigation following the discovery of approximately RM170mil in cash at a safe house during a raid. The cash, held in numerous currencies such as baht, riyal, pound sterling, won, euro, Swiss franc and yuan, was seized alongside 16kg of pure gold bars valued at nearly RM7mil. Additionally, 13 bank accounts containing over RM2mil have been frozen as part of the probe. The investigation focuses on funding sources and expenditures related to promotional and publicity activities during Ismail Sabri's tenure.
Bloomberg
4 days ago
- Politics
- Bloomberg
Malaysian Agency to Forfeit $41.8M Linked to Ex-PM Probe: NST
The Malaysian Anti-Corruption Commission plans to seek forfeiture of 177 million ringgit ($41.8 million) in assets and cash it seized in its probe into former prime minister Ismail Sabri Yaakob, the New Straits Times reported. The deputy public prosecutor will file for the forfeiture within two weeks, MACC chief commissioner Azam Baki was cited as saying on Wednesday. The probe focused on allegations of graft and money laundering related to funds used for publicity and promotion while Ismail was in office. Azam said the investigation has been completed.
Sinar Daily
4 days ago
- Business
- Sinar Daily
MACC completes Ismail Sabri probe, plans RM170 million forfeiture
The investigation papers have been submitted to the Attorney General's Chambers and the Deputy Public Prosecutor has agreed to proceed with the application for forfeiture of the cash. 25 Jun 2025 02:16pm Azam said the MACC had also recorded a statement from Ismail Sabri's former son-in-law, Datuk Jovian Mandagie, in relation to the investigation into the former prime minister's asset ownership. - Bernama file photo PUTRAJAYA - The Malaysian Anti-Corruption Commission (MACC) has confirmed that the investigation into former Prime Minister Datuk Seri Ismail Sabri Yaakob has been completed, and a forfeiture application for cash amounting to RM170 million is expected to be filed within the next two weeks. MACC Chief Commissioner Tan Sri Azam Baki said the investigation papers have been submitted to the Attorney General's Chambers, and the Deputy Public Prosecutor has agreed to proceed with the application for forfeiture of the cash. The investigation followed a directive for Ismail Sabri to declare his assets under Section 36(1) of the MACC Act 2009. The declaration was made on Feb 10, and the MACC is now analysing the sources of the declared assets. - Bernama file photo "The affidavit application and related documents are being prepared. It is up to Ismail Sabri to challenge our application,' he said at a press conference at the MACC headquarters here today. However, Azam clarified that no decision has been made yet regarding criminal charges against the country's ninth prime minister. Ismail Sabri had previously appeared at the MACC headquarters several times to assist in investigations into alleged corruption and money laundering involving the use and procurement of funds for promotion and publicity of the Keluarga Malaysia programme during his administration from August 2021 to November 2022. Azam said the MACC had also recorded a statement from Ismail Sabri's former son-in-law, Datuk Jovian Mandagie, in relation to the investigation into the former prime minister's asset ownership. The investigation followed a directive for Ismail Sabri to declare his assets under Section 36(1) of the MACC Act 2009. The declaration was made on Feb 10, and the MACC is now analysing the sources of the declared assets. Following that, the MACC seized RM170 million in cash in various foreign currencies - including Baht, Riyal, Pound Sterling, Won, Euro, Swiss Franc and Yuan - and confiscated 16 kilogrammes of pure gold bars estimated to be worth RM7 million, as part of the corruption and money laundering probe against the former prime minister. The seizures were made during raids at a residence and office believed to have been used as a "safehouse', based on investigations into four of Ismail Sabri's former senior officers who were detained in February. - BERNAMA
Daily Express
4 days ago
- Business
- Daily Express
Ismail Sabri probe completed, MACC to file RM170 million forfeiture bid
Published on: Wednesday, June 25, 2025 Published on: Wed, Jun 25, 2025 By: Bernama Text Size: PUTRAJAYA: The Malaysian Anti-Corruption Commission (MACC) has confirmed that the investigation into former Prime Minister Datuk Seri Ismail Sabri Yaakob ( pic ) has been completed, and a forfeiture application for cash amounting to RM170 million is expected to be filed within the next two weeks. MACC Chief Commissioner Tan Sri Azam Baki said the investigation papers have been submitted to the Attorney General's Chambers, and the Deputy Public Prosecutor has agreed to proceed with the application for forfeiture of the cash. 'The affidavit application and related documents are being prepared. It is up to Ismail Sabri to challenge our application,' he said at a press conference at the MACC headquarters here today. However, Azam clarified that no decision has been made yet regarding criminal charges against the country's ninth prime minister. Ismail Sabri had previously appeared at the MACC headquarters several times to assist in investigations into alleged corruption and money laundering involving the use and procurement of funds for promotion and publicity of the Keluarga Malaysia programme during his administration from August 2021 to November 2022. Azam said the MACC had also recorded a statement from Ismail Sabri's former son-in-law, Datuk Jovian Mandagie, in relation to the investigation into the former prime minister's asset ownership. Advertisement The investigation followed a directive for Ismail Sabri to declare his assets under Section 36(1) of the MACC Act 2009. The declaration was made on Feb 10, and the MACC is now analysing the sources of the declared assets. Following that, the MACC seized RM170 million in cash in various foreign currencies — including Baht, Riyal, Pound Sterling, Won, Euro, Swiss Franc and Yuan — and confiscated 16 kilogrammes of pure gold bars estimated to be worth RM7 million, as part of the corruption and money laundering probe against the former prime minister. The seizures were made during raids at a residence and office believed to have been used as a 'safehouse', based on investigations into four of Ismail Sabri's former senior officers who were detained in February. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Malaysiakini
4 days ago
- Politics
- Malaysiakini
MACC completes probe on Ismail Sabri, seeks to forfeit RM170m
The MACC said it has completed its investigation into alleged graft involving former prime minister Ismail Sabri Yaakob and is seeking to seize RM170 million in cash. Ismail Sabri was being investigated under the MACC Act 2009 and the Anti-Money Laundering, Anti-Terrorism Financing, and Proceeds of Unlawful Activities Act 2001.
