KUALA LUMPUR (June 6): The Malaysian Anti-Corruption Commission (MACC) will apply to forfeit the 60-storey Ilham Tower, worth between RM1 billion and RM1.5 billion, owned by the late Tun Daim Zainuddin’s family, a report says.

Ilham Tower on Jalan Binjai in Kuala Lumpur has 33 office floors and 22 serviced apartment floors, covering one million square feet, says its website.

MACC Chief Tan Sri Azam Baki told the New Straits Times that the first step of the forfeiture action was seizing the tower on June 5 under Section 51 of the Anti-Money Laundering Act (AMLATFPUAA) 2001.

This law allows authorities to seize property suspected to be linked to illegal activity. The next step is to file for forfeiture under Section 55 (if there's prosecution) or Section 56 (if there's no prosecution).

"We have already submitted an application under Section 51 of AMLATFPUAA [to seize the tower], and the next step will be to file an application under Section 55 or 56 of the same Act to forfeit the asset [Ilham Tower]," Azam said.

Ilham Tower was the meeting place for the Council of Eminent Persons, formed in 2018 by then prime minister Tun Dr Mahathir Mohamad. Daim was the chairman.

Ilham Tower was first seized in December 2023 under the MACC Act 2009, which allows property to be frozen for up to 18 months if it's believed to be tied to corruption for possible forfeiture.

Following the latest seizure, any sale or transfer of the building is now banned. Daim’s widow, Toh Puan Na’imah Khalid, has said she will challenge the seizure in court.

The tower is owned by Ilham Tower Sdn Bhd, with shares held mainly by Ilham Baru Sdn Bhd, a company fully owned by Na’imah and her two sons, Muhammed Amin Zainuddin and Muhammed Amir Zainuddin.

In May, Azam said it was looking to forfeit over RM2 billion in undeclared assets linked to Daim and his family.

Investigations were based on information from foreign agencies showing that Daim’s family didn’t declare certain assets in 2023.

On June 3, the High Court froze £132 million (about RM758 million) in London assets allegedly owned by Na’imah, also at the MACC’s request.

Repurpose the building and open it up to the rakyat with very low rental.

forfeiture is a kind word .. it should be confistication instead

And will be trashed by vandalism and lack of maintenance as everyone will not pay rent and maintenance

Ok, now we are talking but where did the money originally came from? Must tell how and where they songlap. Justice must be seen to be done.

Bila mau tangkap mamak ?
Anak-anak mamak billion air.

there are many sharks untouched yet

s&s also got a handful. i think shud be in the billions each

i say ady, if the real top 10 list published, it will be very different from the one we see now

'seperti kera mendapat bunga'

Patutlah bukak payung

How many tenants in Ilham Tower?

Repurpose to public school la, and be the tallest school building in the world.

Songlap budayo o_____ kito.

demolish it now

Takut apa? Consficate je, bukan kata lu buat pun.

Kasi check je, check siap siap bukti takde buat.

Owaiii...

Our 2018 saviour is back to save Mesia! 😍😍😍😍😍😍

Atuk mesti Cuba lagi k! Atuk jangan sedih lagi. Banyak olang Akan support atuk save Mesia! Jon, kita guling guling kat jalan nanti pakai baju kuning support Atuk!

😂😂😂😂😂😂

No wonder keluar payung. Lolz sohemzzz

This paying ngam u mah…for melayu 1

Beautiful building.
Used to walk past it every day a few years back.
If I'm not mistaken, our elders’ council meeting was held there.

Hahahaha.. I am nons but I trust Atuk is bek to save Mesia 3.0 la. Those who don’t trust and have faith in Atuk saving Mesia 3.0 are PNcai! 😡😡😡😡😡😡😡

Atuk is da best! 😉😉😉😉

rename it to Welbacon Tower for better fung shui

Naive. Who is the next owner?

so much money... and never pop up in the malaysia's riches

Menara Palestin.

Oh wait.

wat will happen to the hotel there lol

It will be forfeited and the current owner will be vested under the name of PP. The government can later on auction off the property to new bidder

after forfeiture under the Anti-Money Laundering Act (AMLA), the government can auction the forfeited property. The government will then vest the forfeited property in the name of the Public Prosecutor. The Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (AMLA) provides for the forfeiture of property derived from or involved in money laundering

Naive

Talk only mah, wait till it finally gets forfeited baru believe. Inb4 later found not enough evidence, or technicalities etc then nfa...

Tung M dah cuba kait dgn type M. Tangkap dia=menentang type kaum

They can forfeit even no charge him in court🫢

They only need to explain to court. If court allows it, that means they got valid reason.