Malaysian Anti-Corruption Commission (MACC) seized Menara Ilham, owned by former finance minister Daim Zainuddin’s family. Business operations continued as usual on Dec 22. MACC stated the seizure was due to an offence under the MACC Act 2009. Daim reportedly refused to declare his and his family’s financial holdings.
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Ilham Tower
Prime Minister Anwar Ibrahim called for space in the investigation, emphasizing the need for the judiciary to decide. In May, MACC initiated a probe into alleged misappropriation of RM2.3 billion, linked to the Pandora Papers leak. Daim, a two-time finance minister, played a significant role in Malaysia’s economic restructuring.
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