THE Malaysian Anti-Corruption Commission (MACC) has uncovered undeclared assets worth at least RM4.5 bil linked to the late former Finance Minister Tun Daim Zainuddin, his family, and proxies in five countries — the US, Singapore, Japan, Italy, and Jersey (a British island near France).
These assets include condominiums, commercial buildings, bank accounts, a hotel in Japan, and a shopping mall in Italy. MACC plans to seek restraining orders to freeze them, with assistance from foreign authorities.
“All of these assets and properties were not declared to MACC during investigations conducted in 2023. Therefore, a restraining order will be sought soon, with help from the relevant countries,” a source said.
Earlier, MACC froze seven properties and one bank account in the UK worth RM758.2 million, believed to be owned by Daim’s wife, Toh Puan Na’imah Abdul Khalid, and her family.
MACC found that the assets are linked to alleged offences under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act (AMLATFPUAA) 2001.
However, on June 23, the Kuala Lumpur High Court temporarily suspended the freezing order after Daim’s wife successfully challenged it through her lawyer, Datuk Dr Gurdial Singh Nijar.
MACC is also seeking to seize Ilham Tower in Kuala Lumpur and has opened eight investigation papers based on new information from foreign agencies regarding Daim’s undeclared assets during the 2023 probe. —June 29, 2025
Main image: Malay Mail
