KUALA LUMPUR, July 11 -- The Malaysian Anti-Corruption Commission (MACC) has moved to seize and forfeit assets exceeding RM3 billion linked to the late Tun Daim Zainuddin, his family, and associates.
The commission said the action, led by its Special Operations Division, targets high-value assets in 11 countries including the United Kingdom, United States, and Switzerland.
Investigators identified properties, investments and bank accounts in offshore locations such as the British Virgin Islands, Jersey, and the Cayman Islands.
A restraining order was obtained on June 3 against seven assets in the UK, estimated at RM758 million, it said.
MACC is now working through the Attorney General's Chambers to secure mutual legal assistance from ...
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