Summary
- MACC lifts freeze on Padini’s bank accounts.
- No Padini staff arrested or charged.
- Company says no wrongdoing involved.
- Retail operations remain unaffected.
KUALA LUMPUR, July 17 — Padini Holdings Berhad said the Malaysian Anti-Corruption Commission (MACC) has unfrozen all of the company’s and its subsidiaries’ bank accounts that were frozen.
During an anti-money laundering investigation. Padini said no directors, employees or representatives have been arrested or charged.
And neither the company nor its subsidiaries are subject to any forfeiture proceedings. The retailer reiterated that it was not involved in any wrongdoing.
And remains committed to high standards of integrity and corporate governance.
