Ismail Sabri's former son-in-law declared bankrupt
Senior assistant registrar Faisal Zulkifli made the ruling during today's proceedings after allowing a creditor's petition filed by Cekap Air Sdn Bhd on Nov 20 last year.
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The Sun
a day ago
- The Sun
Court allows MACC to amend asset freeze notice for Daim's widow
KUALA LUMPUR: The High Court has permitted the Malaysian Anti-Corruption Commission (MACC) to amend its notice of motion concerning the freezing of assets worth GBP132 million in London, allegedly owned by the late Tun Daim Zainuddin's widow, Toh Puan Na'imah Abdul Khalid, and her family. The assets include two commercial properties at St Mary Axe and One Crown Court, three luxury residences at Bryanston Square, Bryanston Mews, and Lancaster Gate, two residential units at Gloucester Place, and a CAF Bank Limited (UK) account held by The Ilham Foundation. Judge Datuk Azhar Abdul Hamid granted the application after deputy public prosecutor Maziah Mohaide explained that the amendments involved adding details to the notice of motion dated May 30, 2025. These changes included updating property addresses, title numbers, and purchase values to comply with UK enforcement standards. Meanwhile, lawyer Syed Afiq Syed Albakri, representing Na'imah, disclosed that six companies, including The Ilham Foundation, had sought to intervene in the MACC's asset freeze application. However, Maziah objected to their involvement. Judge Azhar directed the prosecution to file an affidavit in response to the intervention request by July 25, with the six companies required to submit their replies by August 6. Case management was scheduled for August 8. On May 22, MACC Chief Commissioner Tan Sri Azam Baki confirmed that eight investigation papers were initiated based on new information from external agencies regarding undisclosed assets linked to Daim, his family, and proxies. Azam stated that the latest findings revealed assets not declared during the 2023 probe.
New Straits Times
a day ago
- New Straits Times
Asset freeze against Daim's widow: Court allows MACC's application to amend notice
KUALA LUMPUR: The High Court here today allowed an application by the Malaysian Anti-Corruption Commission (MACC) to amend the notice of motion concerning the application to freeze assets worth GBP132 million in London, United Kingdom (UK), allegedly owned by the wife of the late Tun Daim Zainuddin, Toh Puan Na'imah Abdul Khalid and her family. The assets comprise two commercial buildings at St Mary Axe and One Crown Court; three luxury residences at Bryanston Square, Bryanston Mews and Lancaster Gate; two residential units at Gloucester Place; and a CAF Bank Limited (UK) bank account allegedly held by The Ilham Foundation. Judge Datuk Azhar Abdul Hamid made the ruling after deputy public prosecutor Maziah Mohaide told the court that the amendment involved additions to the details in the notice of motion. "The ex-parte application is to amend the notice of motion dated May 30, 2025, namely to add details to the address along and the title number according to the format of the enforcement authorities in the UK and to amend the details of the date and purchase value of the immovable properties in the notice of motion," said Maziah. Meanwhile, lawyer Syed Afiq Syed Albakri, representing Na'imah, said six companies, including The Ilham Foundation, had applied to be interveners in the MACC's application to freeze the assets involved, but Maziah objected to the application. Judge Azhar then ordered the prosecution to file an affidavit in reply to the application to intervene on July 25, while the six companies involved were to file theirs on Aug 6, and set Aug 8 for the case management. 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 the MACC during the 2023 investigation.
Free Malaysia Today
2 days ago
- Free Malaysia Today
SRC board, not Najib, responsible for company's funds, says ex-PM's lawyers
SRC International is suing ex-prime minister Najib Razak (left) and former CEO Nik Faisal Ariff Kamil for US$1.18 billion. KUALA LUMPUR : The High Court here was told today that SRC International Sdn Bhd's board and management had exclusive control of the company's operations and loan funds received from Retirement Fund Incorporated (KWAP). Lawyer Farhan Shafee Abdullah – representing former prime minister Najib Razak in SRC International's US$1.18 billion civil suit against him and former SRC CEO Nik Faisal Ariff Kamil – submitted that his client had no control over the company. Farhan said all transactions were carried out by the board, which also bore responsibility for overseeing the company's affairs. 'If any misappropriation occurred, it was the result of the board's own decisions. 'Even taking Najib's alleged instructions at their highest, responsibility ultimately rested with the board to properly manage the funds within those parameters,' he said. Farhan also dismissed SRC International's claim that Najib acted as a shadow director or the de facto controller of the company. He submitted that Najib was not part of the company's governing board and did not assume the fiduciary duties of a director. 'The evidence shows the SRC board exercised independent judgement and was not accustomed to act on Najib's instructions,' he said. Farhan added that SRC International had not produced any instance of Najib issuing a binding directive to the board on operational matters. He said the company's own witness, former BSI Bank wealth management head Kevin Swampillai, had testified that he did not receive, see or become aware of any instruction from Najib directing the transfer or investment of SRC International's funds. 'All instructions for the movement of funds came from Jho Low (Low Taek Jho) and SRC officers, including (former director) Suboh Yasin – not Najib. This is a striking admission from the plaintiff's own witness. 'Despite Najib's position, no directive from him was ever communicated to the bank handling the money,' he said. The hearing before Justice Ahmad Fairuz Zainol Abidin will continue at a later date. SRC International is suing Najib and Nik Faisal – who remains at large – for allegedly misappropriating company property and conspiring to convert it for their own use. Judgment in default of appearance has been entered against Nik Faisal. The suit originally included former SRC International chairman Ismee Ismail and former directors Suboh, Shahrol Azral Ibrahim Halmi, Azhar Osman Khairuddin and Che Abdullah @ Rashidi Che Omar as co-defendants. SRC International later dropped the case against them, but Najib named them as third parties in his defence. Najib is currently serving a jail sentence in Kajang prison for misappropriating RM42 million from SRC International.
