KUALA LUMPUR, May 22 -- The Malaysian Anti-Corruption Commission (MACC) has received fresh intelligence from foreign agencies concerning high-value assets allegedly owned by the late former finance minister Tun Daim Zainuddin and his family.

According to Harian Metro, MACC chief commissioner Tan Sri Azam Baki said the agency has opened eight new investigation papers based on the information received.

"We are now looking into assets that were not previously declared to us," he told a press conference at the MACC headquarters in Putrajaya today.

"The latest details point to the ownership of substantial assets by the late Daim, his family and associates that were not declared."

Azam said the assets have been traced to Switzerland, the Un...