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New Straits Times
a day ago
- Business
- New Straits Times
News@9: Today's top headlines - June 6, 2025 [WATCH]
Here are today's top stories: FORFEITURE FORFEITURE The MACC will seek forfeiture of Menara Ilham, owned by former finance minister Tun Daim Zainuddin's family, after receiving approval from the deputy public prosecutor to seize it again. HEAVY TRAFFIC Malaysians returning home for Hari Raya Aidiladha tomorrow will face heavy traffic, especially on Kuala Lumpur-Karak Expressway and East Coast Expressways 1 and 2, heading east and south. The MACC has completed its investigation into a viral video allegedly showing a Sabah assemblyman involved in corruption. The case was submitted for prosecutorial review two weeks ago. LAYOFF Petronas plans to cut over 5,000 jobs as part of workforce restructuring amid a challenging business climate. Affected employees will be notified by year-end. That's all for News@9.
The Star
a day ago
- Business
- The Star
Ilham Tower seized again by MACC
PETALING JAYA: The iconic Ilham Tower (pic) has been seized again by the Malaysian Anti-Corruption Commission (MACC) – this time under a different Act. The anti-graft body did so after receiving legal authorisation for the seizure from the deputy public prosecutor's office. The tower, owned by the family of the late former finance minister Tun Daim Zainuddin, whose widow Toh Puan Na'imah Abdul Khalid is facing charges in court, had been seized in 2023 but the order expired recently. With the new order, all dealings related to the 274m-tall tower's transfer of ownership will be prohibited. The MACC said it had ordered the immediate seizure of the 60-storey skyscraper 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 subsection 4(1) of the AMLATFPUAA 2001 for this case,' it said in a statement yesterday. The tower was originally seized by the MACC in December 2023 due to an offence under the MACC Act 2009. That seizure order expired after 18 months. The seizure is believed to be part of an anti-money laundering probe that started in late May this year over a RM2.3bil (US$500mil) corporate transaction in November 1997 involving public-listed Renong Bhd and United Engineers Malaysia Bhd (UEM), both Umno-linked entities. Meanwhile, lawyers for Na'imah has issued a statement, labelling the seizure as 'pure harassment'. 'The same building has already been seized by the MACC and yet, is now being seized again. 'In short, they want to keep seizing our client's property even though there is no evidence of corruption. 'We will, on behalf of our client, challenge the seizure of Ilham Tower in court immediately,' said lawyers Rajesh Nagarajan and Sachpreetraj Singh Sohanpal. On May 22, MACC chief commissioner Tan Sri Azam Baki said 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 the initial 2023 investigation. On Wednesday, the High Court allowed an application by the MACC to freeze £132mil worth of assets in London that were also allegedly linked to Na'imah and her family.
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
3 days ago
- Business
- The Star
Daim family assets frozen to prevent disposal during probe, says MACC
KUALA LUMPUR: The Malaysian Anti-Corruption Commission (MACC) said it froze seven properties and one bank account belonging to the late Tun Daim Zainuddin's wife, Toh Puan Na'imah Abdul Khalid, to prevent the assets from being disposed of while investigations are ongoing. MACC chief commissioner Tan Sri Azam Baki said the move was part of the commission's preliminary actions to facilitate further investigation. ALSO READ: Tun Daim's widow to contest asset freeze order "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 Wednesday (June 4). Media reports on Tuesday (June 3) stated that three luxury homes in London were among the seven properties and one bank account said to belong to Na'imah and her family, involving a total value of UK£132mil (RM758.2mil), which were frozen by the MACC. MACC investigations found that the movable and immovable assets were linked to alleged offences under Section 4(1) of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act (AMLATFPUAA) 2001. ALSO READ: MACC gets nod to freeze assets of Daim's wife The MACC's application, represented by Deputy Public Prosecutor Mahadi Abdul Jumaat, to freeze the assets was granted by High Court Judge Datuk Azhar Abdul Hamid in an ex parte proceeding Tuesday. Meanwhile, former MACC chief commissioner Tan Sri Dzulkifli Ahmad said the legally accurate term in this case is a prohibitory order, not a freezing order. He explained that "freezing" typically refers to action under Section 44 of the Anti-Money Laundering Act (AMLA), which usually involves bank accounts and specific financial instruments. ALSO READ: MACC in process of seizing late Daim's assets worth billions In contrast, this case involves a prohibitory order under Section 53 of AMLA, which pertains to restrictions on transactions involving overseas assets suspected of being linked to unlawful activities. "However, the issuance of a prohibitory order does not imply or presume that the assets in question were obtained through corruption or illegal means," he added. "The purpose of this order is simply to block any transactions involving the specified assets while MACC investigations are ongoing. It is a temporary measure to maintain the status quo and prevent disposal of the assets during the investigation," he said in a statement. ALSO READ: High Court grants Na'imah's application for judicial review Dzulkifli, who is also a lawyer, noted that the High Court's prohibitory order was issued through an ex parte application, meaning it was made without prior notice or the presence of the affected parties. At that stage, he added, the individuals subject to the order have not yet been given the opportunity to respond or challenge the application in court. - Bernama
