The Malaysian Anti-Corruption Commission (MACC) has filed a forfeiture application for the Menara Ilham building linked to the late former finance minister, Tun Daim Zainuddin.
MACC Chief Commissioner Tan Sri Azam Baki stated that the 60-storey tower is among the latest assets targeted in ongoing forfeiture proceedings involving Daim, his widow Toh Puan Na’imah Abdul Khalid, and several local proxies.
“We will initiate the (forfeiture) process today, and I must say, it is not a simple task as there are many steps involved, and the documents (related to Menara Ilham) are extensive.
“In the next one to two weeks, more applications will be filed for properties linked to the individuals concerned,” he said during a press conference at MACC headquarters.
Azam added that the MACC has also secured a Restraining Order in Malaysia against assets belonging to Daim and associated parties in the United Kingdom, estimated to be worth RM700 million.
Following this, UK authorities have been notified and have agreed to submit a Restraining Order application in UK courts in response to Malaysia’s request.
Earlier this month, the MACC re-seized Menara Ilham after obtaining approval from the Deputy Public Prosecutor.
On Monday, the High Court temporarily suspended an order to freeze seven properties, including three luxury residences in London, and one bank account allegedly owned by Na’imah and her family.
Previously, the MACC had secured an ex parte order to freeze the seven properties and the bank account under Section 53 of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act (AMLATFPUAA) 2001. The assets are valued at £132 million (RM758.2 million).
According to the MACC’s application, investigations revealed that the movable and immovable assets are relevant to alleged offences under Section 4(1) of the AMLATFPUAA 2001.