According to the source, who declined to be named, the duo were called in to give their statements.

“But no one was arrested. The rumours are not true,” the source told FMT.

The source was commenting on speculation by unverified sources saying that the former minister and businessman had been arrested by the anti-graft agency over the alleged embezzlement.

On Friday, FMT quoted a source as saying that MACC was investigating a former senior minister and a businessman holding the title of “Tan Sri” over the alleged embezzlement of state funds worth RM2.3 billion.

The source said the anti-graft agency’s probe was related to the leaked Pandora Papers, which listed several prominent Malaysians as having links to offshore tax havens.

The source also said the probe centred around the purchase and ownership of a listed company’s shares by a large Malaysian company.

It is believed that the purchase of the shares was orchestrated by the former senior minister.

“The purchase of the shares is believed to have caused a decline in the economy and the weakening of the ringgit in the late 1990s,” the source said.

The source added that the shares had been misappropriated to “bail out certain individuals” and prevent them from suffering losses.

MACC is also looking into transactions linked to the sale of the listed company’s shares, the source said, including assets worth billions of ringgit owned by the former minister, the businessman and their family members, both locally and abroad.

Earlier today, Harian Metro quoted sources as saying that the duo would be called in by MACC once again for questioning.

The daily also reported that the agency had seized several documents related to the sale of shares in the listed company.

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