Image Credit: Malay Mail
The MACC has seize the Ilham Tower at Binjai Road, Kuala Lumpur, for the purpose of investigating corruption cases. The notice of seizure was signed by the deputy public prosecutor Ahmad Akram Gharib. The building is known to have a four-star hotel, offices, galleries, food court and stores, with 33 floors for offices and the rest for apartments.
Ilham Tower Was Seized Due To Refusing To Declare Financial Assets
According to Astro Awani, the MACC has confiscated and seized Ilham Tower under Section 38(1) of the MACC Act.
“Under this section, any person who contravenes this notice or does any act contrary to this enactment shall be guilty of an offence and shall be liable on conviction to a fine not exceeding twice the value of the property concerned or RM50,000, whichever is the greater, and to imprisonment for a term not exceeding two years.”
Sources said the seizure of Ilham Tower was due to the refusal of former Finance Minister Tun Daim Zainuddin to declare financial assets, as the building was owned by his family. Despite the seizure, Ilham Tower is still operating as usual.