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Malaysian Reserve
4 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
4 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
4 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.
New Straits Times
6 days ago
- Business
- New Straits Times
High Court suspends order to freeze £132mil assets linked to late Daim's wife
KUALA LUMPUR: The High Court today suspended its earlier order to freeze assets worth over £132 million (about RM758.2 million) owned by Toh Puan Na'imah Abdul Khalid in London. Judge Datuk Azhar Abdul Hamid today stayed his earlier ruling that granted the ex-parte order to the Malaysian Anti-Corruption Commission (MACC) earlier this month. An ex-parte application is a legal request made to the court by one party without notifying or involving the other party. Azhar also granted July 9 to hear the wife of the late Tun Daim Zainuddin's application to intervene the case. "This application to be an intervener should be heard inter-parte. The application should be filed and served within 14 days," he said. The MACC had applied to freeze the assets claiming they were potentially linked to offences under Section 4(1) of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001. Among the assets are two commercial buildings totalling £55,200,000; five luxury residences totalling £77,115,000 and a bank account owned by Ilham Foundation. In a separate court, judge K. Muniandy will hear Na'imah's application to intervene in the MACC's ex-parte application to freeze more than RM544 million in investment funds held in Singapore. Earlier, deputy public prosecutor Wan Nur Iman Wan Ahmad Afzal in an ex-parte application requested the court to grand an order to freeze the RM544,674,050.97 involving 12 accounts belonging to Na'imah and her family members. "Preliminary investigation shows that these assets were obtained by Na'imah from income sources within Malaysia. "She never declared the assets and we are seeking to restrict them for a period of one year. "The assets derived from investments in USD and Pound Sterling. We requested that this application be allowed and that the assets be frozen to prevent the risk of them being disposed of," he said. Lawyer Datuk Dr Gurdial Singh Nijar who represented Na'imah urged the court to dismiss the ex-parte application on grounds that the public prosecutor had failed to name a respondent in the case. "The person holding the property is directly affected, and the order effectively prohibits them from dealing with the property. "Before such an order can be made, the individual must be named as a party and be given the opportunity to contest it. "The Public Prosecutor must name the affected party for the order to be valid. It cannot be obtained ex parte. It must be an inter partes proceeding," he said. Gurdial said this pattern of practice by the prosecution amounts to a breach of natural justice. "A person is entitled to be heard. You are dealing with properties outside the jurisdiction and seeking forfeiture with the assistance of the foreign jurisdiction. "That is a very drastic and far-reaching remedy. It should not be resorted to in situations like this, especially when the respondents or parties are not even named," he said. The court set Aug 1 to hear Na'imah's bid to intervene in the case. MACC Chief Commissioner Tan Sri Azam Baki reportedly said that eight new investigation papers related to Tun Daim Zainuddin's family have been opened as part of the probe into properties valued at over RM2 billion. He said the commission had been conducting a probe into Daim since February 2023 and had opened several investigation papers, including the latest ones initiated recently. Daim died on Nov 12, last year, at the age of 86. Following his passing, the Kuala Lumpur Sessions Court discharged and acquitted him of charges related to failing to comply with a notice under Section 254 of the Criminal Procedure Code (CPC).
Malaysiakini
06-06-2025
- Politics
- Malaysiakini
Legal storm hits PM, Dr M unfurls 'big umbrella'
Good morning. Wishing our Muslim readers Selamat Hari Raya Aidiladha. Here's our news and views that matter for today. Key Highlights Legal storm hits PM, Dr M unfurls 'big umbrella' Daim's dynasty under fire, his widow fires back Rafizi in green, trading blows with Anwar? Legal storm hits PM, Dr M unfurls 'big umbrella' The Kuala Lumpur High Court has denied Anwar Ibrahim's bid to suspend his ex-aide Yusoff Rawther's civil suit in relation to a sexual assault allegation. Ordering that the trial proceeds on June 16 as scheduled, the court further ruled that the eight constitutional questions the prime minister sought to refer to the Federal Court did not meet the required threshold. Anwar has insisted that his bid to suspend the lawsuit was never about seeking personal immunity from litigation but 'concerns the integrity of our constitutional system and the need to ensure that high public office is protected from litigation that may be strategically timed, politically motivated, or institutionally disruptive'. Adding to the prime minister's list of political headaches, his age-defying nemesis, Dr Mahathir Mohamad - now well into his wizard years - has unveiled another grand scheme to unseat his former apprentice and 'save the Malays'. The politician, who is just a month away from blowing out 100 birthday candles, unveiled a new Malay secretariat committee - pitched as a 'big umbrella' for the community. HIGHLIGHTS Daim's dynasty under fire, his widow fires back The MACC has secured approval to seize Daim Zainuddin's Ilham Tower once again, much to the frustration of the late former finance minister's lawyers, who have accused the commission of 'playing musical chairs with the law'. This development follows closely after the Kuala Lumpur High Court granted permission for the commission to seize seven properties belonging to Daim's family. Among the assets seized through an ex parte application are three luxury homes in London and a bank account reportedly valued at RM758.2 million. Daim's widow Na'imah Abdul Khalid has vowed to challenge the seizure and 'to not bow down to bullies'. 'A line has been crossed. If we do not resist, there may soon be no lines left at all, then no Malaysian will be safe from the reach of unchecked power,' she emphasised. HIGHLIGHTS Rafizi in green, trading blows with Anwar? Former law minister Zaid Ibrahim has expressed a desire to see former PKR deputy president Rafizi Ramli go head-to-head with Prime Minister Anwar Ibrahim in the next general election. He has urged PAS to make every effort to court Rafizi - who recently resigned as economy minister - and nominate him to contest the prime minister's parliamentary seat in Tambun, Perak. The ex-law minister also encouraged the Islamist party to approach former PKR vice-president Nik Nazmi Nik Ahmad, suggesting that he contest in Bentong, which is DAP MP Young Syefura Othman's seat. Both Rafizi and Nik Nazm resigned as ministers after failing to defend their respective party positions in the PKR polls. Previously, PAS secretary-general Takiyuddin Hassan clarified that while the party has no plans to recruit the two leaders into Perikatan Nasional, it would not oppose their cooperation with the opposition bloc in Parliament. HIGHLIGHTS Views that matter In case you missed it Other news that matter
