KUALA LUMPUR, May 22 (Bernama) — The Malaysian Anti-Corruption Commission (MACC) will file a notice of appeal against the Kuala Lumpur High Court’s decision today, which dismissed the prosecution’s application for an access restriction order against RM548 million in investment funds.
The investment funds are alleged to belong to the wife of former finance minister Toh Puan Na’imah Abdul Khalid, her son and seven other parties, and are held in several bank accounts in Singapore.
“Following the Kuala Lumpur High Court’s decision, the MACC will file a notice of appeal soon, and the matter has been brought to the attention of the Attorney General’s Chambers,” it said in a statement.
Today, High Court judge Datuk Mohd Arief Emran Arifin dismissed the prosecution’s application after finding that the prosecution had failed to meet the requirements under Section 53 of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (AMLATFPUAA 2001).
On June 19, 2025, MACC, acting as the prosecuting authority, filed an ex parte application to restrain Na’imah, her son Muhammed Amir Zainuddin, two individuals, five companies and any related parties from dealing with assets outside Malaysia, namely investment funds of £21 million (about RM121 million) and US$99 million (about RM423 million) held in Singapore.
The application was filed under Section 53 of AMLATFPUAA 2001, following investigations under Section 113 of the Income Tax Act and Section 4(1) of AMLATFPUAA 2001.
— BERNAMA