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

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Nation

Najib and former AG settle lawsuit over memoir
Bomba completes food airlift mission to remote areas of Gua Musang
Female student killed in three-vehicle crash in Pahang
Sabah Tourism Board to boost support for private sector initiatives
Chinese workers slapped with RM1.5mil tax bills after employer fakes high salaries
New site ready for temple relocation, says Yeoh
Former engineer changes plea to not guilty of using counterfeit currency at gold shop
Rapid On-Demand to implement RM2 fixed fare from Feb 1
Senior immigration officer claims trial to four graft charges
Melaka CM lauds civil servants for state's progress over the last three years

Others Also Read