MACC said its investigation is centred on Daim’s procurement of assets overseas, as well as that of his wife and other family members.

“A study of the money trail overseas is being conducted in collaboration with international agencies,” it said in a statement today,

MACC said its probe is being conducted under Section 23 of the MACC Act for using one’s office or position for gratification, and Section 4(1) of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (Amla) for structuring transactions to evade reporting requirements.

The agency said it sought to clarify the matter due to speculation that the investigation had been dropped after Daim’s asset declaration case was withdrawn by the prosecution.

It opened several investigation papers into Daim and his family’s finances in February based on information leaked in the Pandora Papers.

In January, Daim claimed trial to a charge of failing to comply with the terms of an asset declaration notice issued by MACC.

He was accused of failing to declare his ownership in 38 companies, 19 plots of land in Selangor, Negeri Sembilan, Pahang, Kedah and Kuala Lumpur, as well as six properties.

Daim was also alleged to have failed to declare his ownership of Amanah Saham Nasional Berhad and Amanah Saham Nasional accounts, as well as seven luxury vehicles.

MACC said Daim had requested an extension to the asset declaration deadline five times but still failed to declare his assets.

His wife, Naimah Khalid, also faces an asset declaration charge. She is accused of failing to declare her ownership in various companies, several plots of land here and in Penang, and two vehicles.