KUALA LUMPUR — The Malaysian Anti-Corruption Commission (MACC) has issued a fresh forfeiture notice targeting assets connected to the late former finance minister, Tun Daim Zainuddin.
According to legal representatives of Daim’s family, the notice, similar to previous applications, does not specify any alleged offences but references an ongoing investigation under Section 36 of the MACC Act.
In a statement reported by The Edge, law firm Messrs Zharif Nizamuddin clarified that despite the family’s repeated requests for clarification, no explanations have been provided regarding the actions taken against them. The firm also raised concerns over what they described as an abuse of power, stating that the MACC's continued failure to offer an explanation undermines the rule of law.
"This failure to provide an explanation amounts to an abuse of power and raises serious concerns about compliance with the rule of law," the statement read. "The MACC must act within the law and not continue to oppress our clients."
The statement did not identify the properties named in the new forfeiture notice or their estimated value.
This development follows previous actions against Daim's family, including the seizure of Ilham Tower in Kuala Lumpur as part of a money-laundering investigation. The tower, which is owned by Daim and his widow Toh Puan Na’imah Abdul Khalid, is valued between RM1 billion and RM1.5 billion.
In November 2025, the High Court granted Na’imah and Ilham Tower Sdn Bhd permission to challenge a second seizure notice. They argued that the notice had been issued in "bad faith" and was intended to unnecessarily prolong the investigation.
The family’s legal team affirmed their intention to continue seeking justice through the courts, insisting that due process and legal protections be respected. "Our clients hope they will no longer be unfairly targeted by enforcement agencies abusing their powers when government issues arise," the statement continued.
The MACC's ongoing investigations into Daim and his family have been under scrutiny since 2023, with the agency announcing in July 2025 that it was moving to confiscate assets worth over RM3 billion across 11 countries, allegedly linked to Daim’s family and associates, in collaboration with UK authorities.
Despite the withdrawal of criminal charges following Daim’s death in November 2024, the MACC confirmed in November 2024 that investigations would continue.
Daim, who served twice as finance minister, had previously denied any wrongdoing, dismissing the investigations into his wealth as politically motivated. - December 10, 2025
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