High Court to hear asset restraining order application against Na’imah on Aug 13

According to court filings, the application was submitted on June 25 last year after MACC alleged that the assets were acquired by Na’imah or individuals associated with her in Malaysia and had not been declared to the Inland Revenue Board.

The application was made under Section 53 of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (AMLATFPUAA 2001), following investigations under Section 113 of the Income Tax Act and Section 4(1) of the AMLATFPUAA.

This marks the third application filed by the prosecution involving overseas assets, following earlier proceedings concerning assets in the United Kingdom and Singapore.

On June 19, 2025, MACC sought a restraining order to prevent Na’imah, her son Muhammed Amir Zainuddin, two individuals, five companies and related parties from managing overseas assets, including investment funds worth GBP21mil or about RM121mil and USD99mil or about RM423mil held in Singapore.

However, the High Court dismissed that application on May 22, 2026.

Separately, in proceedings involving The Ilham Foundation, the court fixed June 30 to deliver its decision on Na’imah’s application to set aside MACC’s bid to freeze several commercial and residential properties in London valued at GBP132mil.

Previously, on May 22, 2025, MACC Chief Commissioner Tan Sri Azam Baki disclosed that eight investigation papers had been opened following fresh information received from foreign agencies concerning assets linked to Daim, his family members and proxies.

The information indicated that the assets under scrutiny had not been declared during MACC’s investigation in 2023. – Bernama