Latest news with #AMLATFPUAA2001
The Sun
2 days ago
- Business
- The Sun
MACC seizes Ilham Tower again under AMLA provisions
KUALA LUMPUR: Ilham Tower, located on Jalan Binjai and believed to be owned by the family of the late former Finance Minister Tun Daim Zainuddin, has once again been seized, following an earlier seizure on Dec 18, 2023. In a statement, the Malaysian Anti-Corruption Commission (MACC) said the latest action was carried out under Section 51(1) of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act (AMLATFPUAA) 2001, via a notice dated June 4, 2025. 'Through the Notice of Seizure of Immovable Property, the seizure was authorised under powers granted to the Public Prosecutor under Section 376(3) of the Criminal Procedure Code (Act 593). 'The deputy public prosecutor was satisfied with information provided by an MACC officer linking the property to an offence under subsection 4(1) of the AMLATFPUAA 2001,' the statement read. As a result, the MACC investigating officer has been ordered to seize Ilham Tower. All transactions relating to the transfer of ownership of the property are now prohibited, and any failure to comply with the notice constitutes an offence under the same Act. On Dec 18, 2023, the 60-storey building was first seized by the MACC in connection with an alleged misappropriation of public funds exceeding RM2.3 billion. Last month, MACC initiated eight new investigation papers against the late Daim, following fresh intelligence regarding properties and assets allegedly linked to him, his family members and proxies. On Tuesday, the MACC succeeded in its application to freeze overseas assets belonging to Daim's wife, Toh Puan Na'imah Abdul Khalid and her family, amounting to £132 million (RM758.2 million), which include seven properties and one bank account. The application was made under Section 4(1) of the AMLATFPUAA 2001 to prevent the dissipation of assets while investigations are ongoing.
Barnama
2 days ago
- Business
- Barnama
MACC Seizes Ilham Tower Again Under AMLA Provisions
KUALA LUMPUR, June 5 (Bernama) -- Ilham Tower, located on Jalan Binjai and believed to be owned by the family of the late former Finance Minister Tun Daim Zainuddin, has once again been seized, following an earlier seizure on Dec 18, 2023. In a statement, the Malaysian Anti-Corruption Commission (MACC) said the latest action was carried out under Section 51(1) of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act (AMLATFPUAA) 2001, via a notice dated June 4, 2025. "Through the Notice of Seizure of Immovable Property, the seizure was authorised under powers granted to the Public Prosecutor under Section 376(3) of the Criminal Procedure Code (Act 593). 'The deputy public prosecutor was satisfied with information provided by an MACC officer linking the property to an offence under subsection 4(1) of the AMLATFPUAA 2001,' the statement read. As a result, the MACC investigating officer has been ordered to seize Ilham Tower. All transactions relating to the transfer of ownership of the property are now prohibited, and any failure to comply with the notice constitutes an offence under the same Act. On Dec 18, 2023, the 60-storey building was first seized by the MACC in connection with an alleged misappropriation of public funds exceeding RM2.3 billion. Last month, MACC initiated eight new investigation papers against the late Daim, following fresh intelligence regarding properties and assets allegedly linked to him, his family members and proxies. On Tuesday, the MACC succeeded in its application to freeze overseas assets belonging to Daim's wife, Toh Puan Na'imah Abdul Khalid and her family, amounting to £132 million (RM758.2 million), which include seven properties and one bank account. The application was made under Section 4(1) of the AMLATFPUAA 2001 to prevent the dissipation of assets while investigations are ongoing.
The Star
2 days ago
- Business
- The Star
MACC seizes Ilham Tower again
Photo: AZMAN GHANI/The Star PETALING JAYA: The Deputy Public Prosecutor's office has given the Malaysian Anti-Corruption Commission (MACC) the full legal authorisation to seize Ilham Tower again. MACC said it had since ordered the immediate seizure of the 60-storey skyscraper through its investigating officer after authorisation was given. It said that the seizure will be done under Section 51(1) of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act (AMLATFPUAA) 2001. 'Through a notice of seizure of immovable property under the section on June 4, the authorisation for seizure was granted pursuant to the powers conferred upon the Public Prosecutor under Section 376(3) of the Criminal Procedure Code (Act 593). 'This means the Deputy Public Prosecutor is satisfied with the information provided by the MACC related to an offence under Section 4(1) of the AMLATFPUAA 2001 for this case,' it said in a statement on Thursday (June 5). It added that all dealings related to the 274m-tall tower's transfer of ownership would be prohibited with immediate effect. This seizure comes after the tower, owned by the family of former finance minister the late Tun Daim Zainuddin, was originally seized by MACC in December 2023 due to an offence under the MACC Act 2009. This was believed to be part of an anti-money laundering probe that started in late May involving a corporate transaction valued at RM2.3bil (US$500mil) in November 1997 involving public-listed Renong Bhd and United Engineers Malaysia Bhd (UEM), which were both linked with Umno. On May 22, MACC chief commissioner Tan Sri Azam Baki said that eight investigation papers had been opened into the assets owned by Daim, his family and proxies, which had not been declared to the MACC during its initial 2023 investigation, due to having received new information from external agencies. Then on Wednesday (June 4), the High Court allowed an application by MACC to freeze assets worth £132mil in London that were allegedly linked to Toh Puan Na'imah Abdul Khalid, wife of the late Tun Daim Zainuddin, and her family.
Borneo Post
4 days ago
- Business
- Borneo Post
MACC gets permision to freeze Na'imah's assets worth GB£132 mln in UK
Former finance minister Tun Daim Zainuddin arrives at the Kuala Lumpur Court Complex on Jan 29, 2024. – Malay Mail photo KUALA LUMPUR (June 3): The High Court here today allowed an application by the Malaysian Anti-Corruption Commission (MACC) to freeze assets worth GBP132 million in London, United Kingdom, allegedly owned by the wife of the late Tun Daim Zainuddin, Toh Puan Na'imah Abdul Khalid and her family. Judge Datuk Azhar Abdul Hamid allowed the ex parte application by the MACC under Section 53 of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (AMLATFPUAA 2001) for investigation under Section 4(1) of the same law. 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 belonging to The Ilham Foundation. Deputy public prosecutor Mahadi Abdul Jumaat, when contacted by reporters, confirmed the matter. On May 22, MACC Chief Commissioner Tan Sri Azam Baki said eight investigation papers had been opened based on new information received from external agencies regarding the assets owned by Daim, his family and proxies. According to Azam, the latest information showed that the assets owned by Daim, his family and associates were not declared to the MACC during the investigation in 2023. – Bernama Court freeze MACC Na'imah Khalid
The Star
4 days ago
- Business
- The Star
Court freezes more than RM750mil in assets linked to Daim's wife, family
KUALA LUMPUR: The High Court here has approved the Malaysian Anti-Corruption Commission's (MACC) application to freeze assets worth UK£132mil (RM759mil) in London, United Kingdom, allegedly owned by Toh Puan Na'imah Abdul Khalid, the wife of the late Tun Daim Zainuddin, and her family. Judge Datuk Azhar Abdul Hamid granted the ex-parte (unilateral) application by the MACC under Section 53 of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (AMLATFPUAA 2001), for investigation under Section 4(1) of the same act. ALSO READ: MACC in process of seizing late Daim's assets worth billions The assets include two commercial buildings at St Mary Axe and One Crown Court, three luxury residences in Bryanston Square, Bryanston Mews, and Lancaster Gate, two residential units at Gloucester Place, and a bank account at CAF Bank Ltd (UK) allegedly owned by The Ilham Foundation. Deputy Public Prosecutor Mahadi Abdul Jumaat confirmed the matter when contacted by reporters. On May 22, MACC Chief Commissioner Tan Sri Azam Baki said that eight investigation papers had been opened based on new information received from foreign agencies, related to the property ownership of Daim, his family, and proxies. Azam mentioned that the latest information indicates that Daim's assets, along with those of his family and associates, were not declared to the MACC during the 2023 investigation. - Bernama
