Court stays order to freeze RM758.2mil assets linked to Daim’s widow

Free Malaysia Today

The High Court set July 9 to hear Naimah Khalid’s application to intervene in MACC’s ex parte move to freeze assets in London.  Read More: https://www.freemalaysiatoday.com/category/nation/2025/06/23/court-stays-order-to-freeze-rm758-2mil-assets-linked-to-daims-widow  Laporan Lanjut: https://www.freemalaysiatoday.com/category/bahasa/tempatan/2025/06/23/mahkamah-gantung-sementara-perintah-beku-aset-rm758-2-juta-terkait-balu-daim  Free Malaysia Today is an independent, bi-lingual news portal with a focus on Malaysian current affairs.    Subscribe to our channel - http://bit.ly/2Qo08ry   ------------------------------------------------------------------------------------------------------------------------------------------------------ Check us out at https://www.freemalaysiatoday.com Follow FMT on Facebook: https://bit.ly/49JJoo5 Follow FMT on Dailymotion: https://bit.ly/2WGITHM Follow FMT on X: https://bit.ly/48zARSW  Follow FMT on Instagram: https://bit.ly/48Cq76h Follow FMT on TikTok : https://bit.ly/3uKuQFp Follow FMT Berita on TikTok: https://bit.ly/48vpnQG  Follow FMT Telegram - https://bit.ly/42VyzMX Follow FMT LinkedIn - https://bit.ly/42YytEb Follow FMT Lifestyle on Instagram: https://bit.ly/42WrsUj Follow FMT on WhatsApp: https://bit.ly/49GMbxW  ------------------------------------------------------------------------------------------------------------------------------------------------------ Download FMT News App: Google Play – http://bit.ly/2YSuV46 App Store – https://apple.co/2HNH7gZ Huawei AppGallery - https://bit.ly/2D2OpNP  #FMTNews #NaimahKhalid #IlhamFoundation #MACC

Transcript

00:00The High Court here has stated its earlier ex parte order to freeze assets in London worth £132 million

00:08or about RM758.2 million belonging to Naima Khalid and her family.

00:14Justice Azhar Abdul Hamid will hear the application by the widow of former Finance Minister Daim Zainuddin

00:20to intervene in that case on July 9th.

00:22The Malaysian Anti-Corruption Commission had applied to freeze the assets claiming they were potentially

00:27linked to offences under Section 4, Sub 1 of the Anti-Money Laundering, Anti-Terrorism Financing

00:33and Proceeds of Unlawful Activities Act 2001.

00:37The London assets include two commercial buildings worth £55.2 million,

00:42five luxury residences valued at £77.1 million and a bank account held under the Ilham Foundation.

00:48A separate court also fixed August 1st to hear Naima's application to intervene in MECC's ex-party bid

00:55to freeze over RM544 million worth of investment funds belonging to her, her family and associates in Singapore.

01:04Justice K. Muniandi set the date after hearing submissions from Deputy Public Prosecutor Mahadi Abdul Jumaat

01:09and Naima's counsel, Senior Lawyer Gurdjel Singh.

01:13Mahadi told the court that MECC sought to freeze 12 investment accounts believed to contain undeclared Malaysian funds,

01:19but Gurdjel argued the order should not be issued without first hearing from those affected.

01:24Naima, who is currently facing an asset declaration charge, is accused of failing to declare her ownership

01:30in various companies, several plots of land here and in Penang, and two vehicles.

Category

Transcript

Recommended