Malaysia Agency to Seize About $700 Million of Tycoon’s Assets

Malaysia’s anti-graft agency is looking to seize and forfeit more than 3 billion ringgit ($705 million) worth of assets that are linked to the late tycoon and former finance minister Daim Zainuddin, his family and associates.

The Malaysian Anti-Corruption Commission identified the assets in 11 countries, including the US, UK, Switzerland, Singapore and Japan, according to a statement Friday.