Kuala Lumpur: 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 confirmed that the 60-storey building is among the latest assets involved in forfeiture proceedings concerning Daim, his wife Toh Puan Na’imah Abdul Khalid, and several of their local proxies.

According to BERNAMA News Agency, Azam Baki stated that the forfeiture process is complex due to the extensive documentation related to Menara Ilham. He noted that the process would commence immediately, with further applications for properties linked to the individuals expected within the next one to two weeks.

Azam also disclosed that the MACC has obtained a Restraining Order in Malaysia against assets belonging to Daim and related parties in the United Kingdom, estimated to be worth RM700 million. UK authorities have been informed and have agreed to file a Restraining Order application in UK courts based on Malaysia’s request.

Earlier in the month, the MACC once again seized Menara Ilham after receiving authorization from the Deputy Public Prosecutor. Additionally, the High Court temporarily suspended an order to freeze seven properties, including three luxury residences in London, and one bank account, allegedly belonging to Na’imah and her family.

Previously, the MACC secured an ex parte order to freeze the seven properties and one bank account, valued at £132 million (RM758.2 million), under Section 53 of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act (AMLATFPUAA) 2001. Investigations have revealed that these assets are related to alleged offences under Section 4(1) of the AMLATFPUAA 2001.