PETALING JAYA: Several Padini Holdings Bhd
's bank accounts, along with those of certain subsidiaries, have been frozen as part of an ongoing investigation by the Malaysian Anti-Corruption Agency (MACC).
In a Bursa Malaysia filing on Friday, the retailer said the freezing order was issued under Section 44(1) of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001.
