PETALING JAYA: MMAG Holdings Bhd
has revealed that certain bank accounts of the group have been gradually frozen from October 2025 to November 2025, with the affected accounts having remained frozen for more than 90 days and remain frozen to date.
In a filing with Bursa Malaysia, the company said the bank accounts have been frozen by the Royal Malaysian Police and the Anti-Money Laundering unit.
“The group has not received any freezing order and does not have any knowledge of the particulars of the freezing order.
“The group only became aware that the accounts had been frozen when it was unable to make payments for its operating expenses.”
MMAG said it is currently unable to ascertain the financial and operational impact of the freezing of the affected accounts on the group.
“Nevertheless, the group has taken the necessary measures, including utilising its other available bank accounts, to ensure that its day-to-day operations continue without disruption.
“The company has also been engaging with the relevant authorities to seek clarification and resolve matters relating to the freezing of the affected accounts.”
