MACC has seized Ilham Tower, a high commercial-value building located in Kuala Lumpur, according to media reports.
The building is owned by the family of former finance minister Daim Zainuddin, who is also a close associate of former premier Dr Mahathir Mohamad.
Channel News Asia quoted a source close to Daim as saying that the seizure took place today.
This came after the former minister refused to comply with requests from the MACC to disclose the financial holdings of both himself and his family, the source was cited as saying.
CNA added that the seizure is linked to an anti-money laundering investigation that began in late May into a corporate transaction worth RM2.3 billion in November 1997.
The transaction involved publicly listed Renong Bhd and United Engineers Malaysia Bhd (UEM).
However, CNA reported that Daim has refused to comment on the matter.
[More to follow] - Mkini
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