KUALA LUMPUR: Cropmate Bhd has confirmed that RM12.21mil in bank accounts belonging to the company and its subsidiary, Cropmate Fertilizer Sdn Bhd, have been frozen by the Malaysian Anti-Corruption Commission (MACC) as of April 24, 2026.
In a filing with Bursa Malaysia, the fertiliser manufacturer said it is actively taking the necessary steps to address the matter, and that Datuk Hisyam Teh Poh Teik has been appointed as its lead counsel, together with Mustafa, Ling & Co as its solicitors on record.
“A representation letter has been submitted to MACC for its consideration, to seek the unfreezing of the company and its subsidiary’s bank accounts,” it said.
On April 24, 2026, Cropmate was notified that MACC had frozen certain bank accounts of the company and its subsidiary in connection with an investigation.
“The bank accounts of the company and its subsidiaries have been temporarily frozen pursuant to an order issued under Section 44(1) of the Anti‑Money Laundering, Anti‑Terrorism Financing and Proceeds of Unlawful Activities Act 2001,” it said.
Cropmate said that it has not been informed of the full details or circumstances giving rise to the investigation.
“The company will continue to monitor the development of this matter and will make timely disclosures should there be any material updates,” it added. — Bernama
