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![[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](/_next/image?url=https%3A%2F%2Fassets.nst.com.my%2Fassets%2FNST-Logo%402x.png%3Fid%3Db37a17055cb1ffea01f5&w=48&q=75){kind=small}
New Straits Times
5 hours ago
- Business
- New Straits Times
[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.
The Star
7 hours ago
- Politics
- The Star
Daim's widow to challenge London asset freeze order
PETALING JAYA: Toh Puan Na'imah Abdul Khalid (pic) will challenge the court order obtained by the Malaysian Anti-Corruption Commission (MACC) to freeze assets in London worth RM759mil linked to her and her family. Na'imah, the widow of the late Tun Daim Zainuddin, said while this came as no surprise, it was done despite no crime of any kind being proven against her husband. 'My lawyers will immediately challenge and set aside the order. I will challenge this order to defend what should never be taken from any of us; our rights, our voice,' she said in a statement. In response, MACC chief commissioner Tan Sri Azam Baki said the commission froze seven properties and one bank account belonging to Na'imah to prevent the assets from being disposed of while investigations are ongoing. He said the move is part of the commission's preliminary actions to facilitate further investigation. 'In this case, we have submitted a court application for a prohibition order to freeze the overseas assets. If such an order is not obtained, there is a high possibility that the assets, believed not to have been declared, may be disposed of,' he said in a statement. Na'imah claimed she was not notified of the asset seizure by the MACC and became aware of the order through media reports. 'Seizure of property by the government without notice to the legal owner is a dangerous precedent. The MACC obtained this ex parte order secretly, in silence behind closed doors. I was never given a chance to speak,' she said. Na'imah said the law under which the MACC is acting, the Anti-Money Laundering Act, requires that such orders only be granted where there is a serious offence as defined under the Second Schedule. 'No such offence or charge has ever been proven or brought against me or Daim, neither during his lifetime nor after his death,' she said. On Tuesday, the High Court allowed an application by the MACC to freeze assets worth UK£132mil (RM759mil) in London, England, allegedly owned by Na'imah and her family. Justice Azhar Abdul Hamid granted the ex-parte application under Section 53 of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001, for investigation under Section 4(1) of the same Act. Daim died on Nov 12 last year at 86. Following his death, 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.
The Star
a day ago
- Business
- The Star
Tun Daim's widow to contest asset freeze order
PETALING JAYA: Tun Daim Zainuddin's widow Toh Puan Na'imah Abdul Khalid plans to challenge the order to freeze Daim's overseas assets by the Malaysian Anti-Corruption Commission (MACC) through the Kuala Lumpur High Court. "I will challenge this order to defend what should never be taken from any of us: our rights, our voice, and a country governed by law, not by fear. "I was not notified of the asset seizure by MACC, which is a shocking infringement of the most basic legal norms. It is unacceptable that this is happening in Malaysia," she said. Naimah added that she only became aware of the order through media reports and added that the government's seizure of property without notifying the legal owner sets a dangerous precedent. She then accused the MACC of obtaining the ex-parte order secretly behind closed doors, saying in a statement on Wednesday (June 4) that she was never given a chance to speak and adding that she should have been allowed to in court. Naimah then said that this action is being taken despite no crime being proven against Daim. "The law under which the MACC is acting, the Anti-Money Laundering Act (AMLA), requires such orders only be granted where there is a 'serious offence' as defined under the Second Schedule. "No such offence or charge has ever been proven or brought against me or Daim, neither during his lifetime nor after his death," Na'imah added. On Tuesday (June 3), the High Court approved the MACC application to freeze assets worth UK£132mil (RM759mil) in London, United Kingdom allegedly owned by Na'imah 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. 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.
Borneo Post
2 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
2 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
