THE High Court has set August 13 to hear an application by the Malaysian Anti-Corruption Commission (MACC) to prevent Toh Puan Na’imah Abdul Khalid from managing offshore assets worth more than RM5.5 billion located in Jersey.
The application involves assets totalling US$157.5 million (about RM667 million) and GBP85 million (about RM4.9 billion), which are allegedly linked to the widow of the late Tun Daim Zainuddin.
Judge Noor Ruwena Md Nurdin set the date during case management proceedings attended by Deputy Public Prosecutor Mahadi Abdul Jumaat and Muhammad Nizamuddin Abdul Hamid, who represented Na’imah.
Na’imah did not attend today’s proceedings after being granted an exemption by the court.
According to the MACC, the application filed on June 25 last year was made following allegations that the assets were acquired by Na'imah or individuals associated with her in Malaysia, but were not declared to the Inland Revenue Board (IRB).
The application was filed under Section 53 of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (AMLATFPUAA).
This is the third application by the prosecution involving overseas assets after similar action was taken against assets in the United Kingdom and Singapore.
Previously, on June 19 last year, the MACC also filed an application to prevent Na'imah, her son Muhammed Amir Zainuddin, two individuals, five companies and any related parties from managing investment funds totalling GBP21 million (approximately RM121 million) and US$99 million (approximately RM423 million) located in Singapore.
However, the High Court on May 22 dismissed the application.
Meanwhile, the court has also set June 30 to decide on Na’imah’s application to overturn the MACC’s action to freeze several commercial and residential buildings in London, United Kingdom, which are linked to The Ilham Foundation and are estimated to be worth GBP132 million. – June 18, 2026
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