High Court dismisses MACC bid to freeze RM544mil linked to Naimah, 8 others

High Court dismisses MACC bid to freeze RM544mil linked to Naimah, 8 others

KUALA LUMPUR: The High Court today dismissed the prosecution’s application for a prohibition order preventing former finance minister Daim Zainuddin’s widow Naimah Khalid and eight others from accessing approximately RM544 million allegedly held in Singapore.

Justice Arief Emran Arifin made the ruling after finding that the prosecution failed to meet the requirements under Section 53 of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities (Amla) Act 2001.

Malaysian Anti-Corruption Commission (MACC) deputy public prosecutor Mahadi Jumaat appeared for the prosecution, while Naimah, her son, and the seven other respondents were represented by lawyers Gurdial Singh Nijar and Abraham Au.

On June 19, 2025, MACC filed an ex-parte application seeking to restrain Naimah, her son Amir Zainuddin, two individuals, five companies, and related parties from managing overseas assets.

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MACC alleged that the assets comprised investment funds totalling £21 million (about RM121 million) and US$99 million (about RM423 million) held in several bank accounts in Singapore.

The application was filed under Section 53 of the Amla Act 2001, following investigations under Section 113 of the Income Tax Act and Section 4(1) of the Amla Act 2001.