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The Kuala Lumpur High Court today granted The Ilham Foundation and five offshore companies leave to intervene in MACC’s bid to freeze £132 million (RM725 million) worth of London properties and a bank account allegedly linked to the late Tun Daim Zainuddin and his family.
The assets include commercial buildings at St Mary Axe and One Crown Court, luxury residences at Bryanston Square, Lancaster Gate and others. Judge Datuk Azhar Abdul Hamid ruled the intervention would not prejudice the prosecution and is allowed under Section 53(2) of the AMLATFPUAA 2001. The six intervenors — including Copperfield Investment Holdings, Straits Properties Ltd and Newton Assets Global Ltd — have 30 days to file reply affidavits. The freeze was first obtained ex parte in June 2024 after MACC opened eight new probes into undeclared assets.
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