MACC Freezes £132 Million in UK Assets Linked to Na’imah Abdul Khalid and Daim Family

The Malaysian Anti-Corruption Commission (MACC) secured a court order from the Kuala Lumpur High Court on June 3, 2025, to freeze £132 million (RM758.2 million) in assets in the UK belonging to Toh Puan Na’imah Abdul Khalid, widow of the late Tun Daim Zainuddin, and her family. The assets include two commercial buildings worth £55.2 million, five luxury residences valued at £77.1 million, and a bank account linked to the Ilham Foundation. The freeze, granted in an ex-parte proceeding by Justice Azhar Abdul Hamid, is tied to suspected offenses under Section 4(1) of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001. Previously, in January 2024, both Daim and Na’imah faced charges for failing to declare assets, including Menara Ilham and other properties. Following Daim’s death on November 13, 2024, his charges were withdrawn, and he was discharged and acquitted.

UK Assets

Quotes:
1. “The order was reportedly issued after the court was satisfied that the assets were linked to suspected offences under Section 4(1) of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001.” – Malay Mail, summarizing the court’s rationale.
2. “The frozen assets were said to include two commercial buildings valued at £55,200,000, five luxury residences totalling £77,115,000 and a bank account owned by the Ilham Foundation.” – Malay Mail, detailing the assets involved.
3. “In January 2024, Na’imah, 67, was charged in the Sessions Court with failing to comply with a notice to declare her assets, including Menara Ilham and several other properties in Kuala Lumpur and Penang.” – Malay Mail, outlining Na’imah’s prior charges.

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