FMT:
MACC freezes over RM750mil in assets linked to Daim’s wife, family
The assets include two commercial buildings, five luxury residences, and one bank account
The Kuala Lumpur High Court has allowed MACC’s application to freeze assets worth RM758.2 million belonging to Naimah Khalid and her family. (Bernama pic)
PETALING JAYA: The Malaysian Anti-Corruption Commission (MACC) has obtained a court order to freeze £132 million (RM758.2 million) worth of assets in London belonging to Naimah Khalid, the wife of the late former finance minister Daim Zainuddin, and her family.
The assets include two commercial buildings, five luxury residences, and one bank account, Utusan Malaysia reported.
Kuala Lumpur High Court judge Justice Azhar Abdul Hamid granted MACC’s application to freeze the assets in an ex parte proceeding today.
The court order will be sent to UK authorities for enforcement.
According to MACC, investigations revealed that the assets were linked to suspected offences under Section 4(1) of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001.
The commission said the freeze was part of ongoing efforts to trace and recover assets believed to be connected to unlawful activity.
MACC chief Azam Baki previously said the commission was considering seizing over RM2 billion in undeclared assets linked to Daim, his family, and proxies.
Eight new investigation papers were opened after the receipt of fresh information from foreign agencies.
In January last year, Daim claimed trial to a charge of failing to comply with the terms of an asset declaration notice issued by MACC.
He was accused of not disclosing his ownership of 38 companies, 19 land plots in five states, six properties, two unit trust accounts, and seven luxury cars. MACC said he had asked for five deadline extensions but still failed to comply.
Naimah also faces an asset declaration charge. She is accused of failing to declare her ownership in various companies, several plots of land here and in Penang, and two vehicles.
After Daim’s death on Nov 13 last year, the prosecution withdrew the charges and the court granted an order discharging and acquitting him.
The assets include two commercial buildings, five luxury residences, and one bank account, Utusan Malaysia reported.
Kuala Lumpur High Court judge Justice Azhar Abdul Hamid granted MACC’s application to freeze the assets in an ex parte proceeding today.
The court order will be sent to UK authorities for enforcement.
According to MACC, investigations revealed that the assets were linked to suspected offences under Section 4(1) of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001.
The commission said the freeze was part of ongoing efforts to trace and recover assets believed to be connected to unlawful activity.
MACC chief Azam Baki previously said the commission was considering seizing over RM2 billion in undeclared assets linked to Daim, his family, and proxies.
Eight new investigation papers were opened after the receipt of fresh information from foreign agencies.
In January last year, Daim claimed trial to a charge of failing to comply with the terms of an asset declaration notice issued by MACC.
He was accused of not disclosing his ownership of 38 companies, 19 land plots in five states, six properties, two unit trust accounts, and seven luxury cars. MACC said he had asked for five deadline extensions but still failed to comply.
Naimah also faces an asset declaration charge. She is accused of failing to declare her ownership in various companies, several plots of land here and in Penang, and two vehicles.
After Daim’s death on Nov 13 last year, the prosecution withdrew the charges and the court granted an order discharging and acquitting him.
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