KUALA LUMPUR — Padini Holdings Bhd, which has several company bank accounts frozen by the anti-graft authorities, today said it believes investigations are targeting external parties.
These are “certain external counterparties to the group who are not employees, officers or part of the group’s management,” the clothing retailer said in a statement today reported by The Edge.
“The company wishes to emphasise that based on currently available information, we are not aware of any allegation or wrongdoing on our part and understand that the freezing order is a procedure taken in the course of the investigation.”
Yesterday, in a Bursa filing, Padini said several bank accounts of the company and subsidiaries had been frozen by the Malaysian Anti-Corruption Commission (MACC) as part of a money laundering probe.
The company said the frozen accounts will not affect the group’s day-to-day operations, and will not have a material financial and operational impact on the group.
Padini also said that it is not aware of any allegation or wrongdoing on its part, and will cooperate fully with MACC’s investigations. – April 25, 2026