Prosecution seeks court order to restrain Daim's widow from handling assets in Jersey

The Star

The prosecution on Wednesday (June 25) filed an ex-parte application at the Kuala Lumpur High Court seeking to restrain Toh Puan Na’imah Abdul Khalid, the widow of the late Tun Daim Zainuddin, or her associates, from dealing with offshore assets amounting to US$157.5mil (approximately RM667mil) and GBP85mil located in Jersey, a British Crown dependency.   Read more at http://rb.gy/k9samk   WATCH MORE: https://thestartv.com/c/news SUBSCRIBE: https://cutt.ly/TheStar LIKE: https://fb.com/TheStarOnline

Transcript

00:00The prosecution on Wednesday filed an ex-parte application at the Kuala Lumpur High Court

00:07seeking to restrain Topwan Naima Abdul Khalid, the widow of the late Tundaim Zainuddin, or

00:13her associates from dealing with offshore assets amounting to US$157.5 million, approximately

00:21667 million ringgit, and 85 million British pounds located in Jersey, a British Crown

00:27dependency.

00:29Public Prosecutor Mazaya Mohaideh filed the application before High Court Judge Muhammad

00:35Jamil Hussain under Section 53 of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds

00:41of Unlawful Activity Act, 2001.

00:45The application was based on investigations under Section 113 of the Income Tax Act and

00:52Section 4, subsection 1 of the Act.

00:55The prosecutor alleged that the assets were acquired by Naima or individuals linked to

01:00her in Malaysia and were not declared to the Inland Revenue Board.

01:05This was the third application by the prosecution, following earlier efforts involving assets located

01:11in the United Kingdom and Singapore.

01:14Meanwhile, Naima's counsel Syed Afiq Syed Al-Bakri applied to intervene in the proceedings and requested

01:21that the cause papers be served on her.

01:24The court then allowed the lawyer's application to file an intervener application and fixed August

01:3022nd to hear the intervener application.

01:37Now, there was no independence.

01:39According to

Category

Transcript

Recommended