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Malay Mail·2 min read·medium

Padini says MACC has unfrozen all bank accounts linked to probe

M
Malay Mail
Padini says MACC has unfrozen all bank accounts linked to probe
AI Summary

Malaysian retailer Padini Holdings has announced that the MACC has unfrozen its bank accounts following an anti-money laundering investigation. The company maintains that no wrongdoing occurred and that no employees have been charged.

KUALA LUMPUR, July 16 — Padini Holdings Berhad said today that the Malaysian Anti-Corruption Commission (MACC) has unfrozen all of the company’s and its subsidiaries’ bank accounts that had been frozen as part of an anti-money laundering investigation, adding that no one from the group has been arrested or charged.

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