Tag - Asset Forfeiture

MACC proceeds with asset forfeiture of Daim’s UK properties

PUTRAJAYA: The Malaysian Anti-Corruption Commission (MACC) has been authorized to proceed with the forfeiture of assets belonging to the late finance minister Tun Daim Zainuddin, his family, and his proxies in the United Kingdom. Chief commissioner Tan Sri Azam Baki announced at a press conference that UK counterparts have filed for similar action following Malaysia's request. "On...

MACC in process of seizing late Daim’s assets worth billions

PUTRAJAYA: Assets linked to the late Tun Daim Zainuddin, his family and his proxies worth billions of ringgit are currently in the asset forfeiture process, says the Malaysian Anti-Corruption Commission (MACC). Its Chief Commissioner Tan Sri Azam Baki said around RM2bill of Daim's assets are currently frozen. "It could be more. We are communicating from authorities from...