![[UPDATED] MACC targets seized assets in forfeiture bid over Daim's undeclared estate](/_next/image?url=https%3A%2F%2Fassets.nst.com.my%2Fimages%2Farticles%2Fphoto_2025-06-04_14-12-47_1749017773.jpg&w=3840&q=100)
[UPDATED] MACC targets seized assets in forfeiture bid over Daim's undeclared estate
KUALA LUMPUR: The seven properties and one bank account belonging to Toh Puan Na'imah Abdul Khalid and her family, which were seized by the Malaysian Anti-Corruption Commission (MACC) yesterday, are part of the late Tun Daim Zainuddin's RM2 billion estate that the commission is seeking to forfeit over allegations of non-declaration.
MACC Chief Commissioner Tan Sri Azam Baki said the commission applied for a restraining order to freeze the overseas assets linked to Na'imah and her family, to prevent the disposal of properties and assets by certain parties.
"In this case, we have submitted a court application for a restraining order to freeze the assets located abroad.
"We will also continue with further investigations into the seized accounts, as we need to ensure they are not disposed of," he said when contacted today.
Sources revealed that the seven properties and one bank account belonging to Tun Daim Zainuddin's wife and her family, are being targeted by MACC for forfeiture due to non-disclosure.
These properties are part of the RM2 billion estate belonging to the former finance minister and his family.
It is understood that the seized assets are high-value properties identified in the eight new investigation papers recently opened by the MACC.
Azam explained that if the restraining order was not obtained, there was a high likelihood that the assets that are believed not to have been declared would be disposed of.
When asked if the MACC is eyeing assets in other countries, he said they were looking into it.
Yesterday, the MACC obtained a court order to freeze assets worth more than £132 million (about RM758.2 million) belonging to Na'imah in London.
The ex-parte order was granted by High Court Judge Datuk Azahar Abdul Hamid after the court was satisfied that the assets 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 £55.2 million; five luxury residences totalling £77.115 million and a bank account owned by Ilham Foundation.
Deputy public prosecutor Mahadi Abdul Jumaat confirmed this when contacted.
Last month, the MACC was reported to be seeking to forfeit several overseas properties belonging to Daim that had not been declared.
Azam had said that eight new investigation papers (IP) were opened in the probe into the ownership of the properties, which are worth in excess of RM2 billion.
The investigation papers were initiated based on new information received from foreign agencies regarding properties and assets linked to Daim, his family members and proxies.
He also said that they were looking into properties and assets abroad that were not disclosed in his previously submitted asset declaration.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Malay Mail
37 minutes ago
- Malay Mail
MACC to question Tan Sri over RM143m asset seizure, sukuk misuse and gambling linked to Klang Valley highway project after hospital discharge
KUALA LUMPUR, June 8 — A Tan Sri under investigation by the Malaysian Anti-Corruption Commission (MACC) for alleged misuse of sukuk funds involving a Klang Valley highway project is expected to be questioned soon. The individual, believed to be a highway concession holder, was recently discharged from a private hospital and is also being probed over foreign assets and high-stakes gambling activities involving millions of ringgit. According to a report by Astro Awani, MACC chief commissioner Tan Sri Azam Baki said the Tan Sri has not yet given a statement due to his recent medical treatment. 'A statement has not yet been recorded from the Tan Sri, but I have been informed that doctors have recently allowed him to be discharged. My officers will be contacting him soon to arrange an appointment,' Azam said yesterday. He added that although the Tan Sri is considered a key individual in the case, MACC has already recorded statements from 45 other witnesses. 'He is indeed one of the individuals we have yet to question, but we already have testimonies from other witnesses. I cannot confirm whether additional witnesses will be required after his statement,' he said. Sources said MACC had obtained medical confirmation from the doctor on the Tan Sri's condition before arranging to question him. The investigation centres on the suspected misappropriation of sukuk bond funds that were meant for the construction of a highway. On June 3 last year, MACC disclosed that it had seized about RM143 million in assets from the individual as part of its probe. The seized items included 14 personal bank accounts with RM4.5 million, eight company accounts holding RM33 million, a luxury condominium and a parcel of land worth RM24.5 million, nine luxury vehicles valued at RM7.65 million, designer watches worth around RM25 million, handbags worth RM3 million, and jewellery and diamonds estimated at RM6 million. MACC also seized four horses valued at RM400,000, high-end alcoholic beverages worth RM3 million, foreign assets estimated at over RM15 million, and assets linked to gambling activities involving about RM20 million. Azam said asset declaration notices have been served to the Tan Sri and other related parties.
The Star
an hour ago
- The Star
Taiwan scholars mark 80th anniversary of victory in war against Japanese aggression
Japanese Soldiers Entering Taipei City in 1895 after the Treaty of Shimonoseki between Qing and Japan. - Wikipedia TAIPEI: A symposium commemorating the 80th anniversary of both victory in the Chinese People's War of Resistance Against Japanese Aggression and Taiwan's recovery was held in Taipei on Saturday (June 7), calling for historical truth to be restored as the narrative of "Taiwan independence" is being pushed by Taiwan's Democratic Progressive Party (DPP) authorities. Chi Chia-lin, president of Homeland Publishing and chief of a Taiwan history research association, emphasised that the war of 1895 against Japanese occupation and the subsequent waves of armed resistance were patriotic struggles launched by the people of Taiwan as part of the Chinese nation. He criticised the DPP authorities for deliberately distorting history over recent years, not only by glorifying Japan's colonial rule but also by attempting to misrepresent the battle of 1895 as a movement for "Taiwan independence." The 1895 battle was a six-month resistance struggle that broke out on the island after the Qing government ceded Taiwan to Japan under the unequal Treaty of Shimonoseki in April 1895, following its defeat in the First Sino-Japanese War. Chi explained that at that time, locals and soldiers from the Hunan, Anhui and Guangdong provinces who remained in Taiwan fought side by side to resist the Japanese. Due to overwhelming disparities in weaponry and equipment, more than 14,000 people were killed over the course of four-and-a-half months. Pien Feng-kwei, a professor with the Taiwan Ocean University, said that during the 50 years of Japanese colonial rule in Taiwan, the island's people continued their resistance unbroken and in various forms. However, he noted, "Taiwan independence" forces have deliberately ignored or even distorted Taiwan's history of anti-Japanese resistance and anti-colonial struggle. "Remembering history is meant to help us cherish peace. I hope the Taiwan authorities will face history squarely and draw lessons from it," he said. The strong national consciousness became the foundation of Taiwan's anti-Japanese resistance, and the sacrifices of heroes during the struggle are a lasting testament to the indomitable spirit of the Chinese nation, said professor Sun Juo-yi of Taiwan's Chung Hsing University. Chi also called for the development of an accurate historical narrative of Taiwan to awaken the society's true memory. - Xinhua
The Star
2 hours ago
- The Star
Sukuk misuse case: Tan Sri to be quizzed soon following hospital discharge, says Azam
KUALA LUMPUR: A Tan Sri who is under investigation by the Malaysian Anti-Corruption Commission (MACC) over the alleged misappropriation of sukuk funds linked to a Klang Valley highway project is expected to be called in for questioning soon. The individual, who was recently discharged from hospital, is also being investigated for overseas asset ownership and high-stakes gambling activities involving millions of ringgit. MACC chief commissioner Tan Sri Azam Baki confirmed that the Tan Sri, who is believed to be a highway concession holder, had yet to give his statement due to recent medical treatment at a private hospital, reported Astro Awani. 'A statement has not yet been recorded from the Tan Sri, but I have been informed that doctors have recently allowed him to be discharged. My officers will be contacting him soon to arrange an appointment,' said Azam on Saturday (June 7). He added that while the individual is a key witness in the case, MACC has already recorded statements from 45 other witnesses, some of whom have been recalled to assist further in the investigation. 'He is indeed one of the individuals we have yet to question, but we already have testimonies from other witnesses. I cannot confirm whether additional witnesses will be required after his statement,' Azam said. According to sources, MACC had earlier obtained medical confirmation from the doctor regarding the Tan Sri's condition before proceeding to plan for his interview. The investigation centres around the suspected misappropriation of sukuk bonds intended for the construction of a highway. On June 3 last year, MACC disclosed that they had seized assets valued about RM143mil from the individual as part of the probe. This included luxury vehicles and properties owned by the Tan Sri, both locally and abroad, including in London and Switzerland. The seized assets comprised 14 personal bank accounts totalling RM4.5mil, eight company accounts with RM33mil, a luxury condominium and a parcel of land valued at RM24.5mil, nine luxury cars worth RM7.65mil, designer watches valued at around RM25mil, handbags worth RM3mil, jewellery and diamonds estimated at RM6mil, and four horses valued at RM400,000. Other seized items include high-end alcoholic beverages worth RM3mil, foreign assets estimated at over RM15mil, and gambling-related activities involving about RM20mil. Azam said asset declaration notices have been handed to the Tan Sri and other related parties.
