Caely Holdings which has been facing issues with regards to its directors and recently the bank account freeze has issued a reply to Bursa on the questions raised by the Exchange.
With regards to the agency that had issued the freeze order, it is now believed the order was actually issued by MACC rather than Bursa which we presumed earlier. Caely said the order was only made known when one of the banks informed the company on 13 April 2022. It also added that it had no knowledge as the freezing order was never served on the Company and has stated that all the subsidiary’s bank accounts maintained with the banks had also been frozen.
Caeyl also has no idea why the freeze order was issued by MACC and that a freeze order was served to the company.
With the accounts frozen, Caely is facing difficulty and is unable to make any payment to suppliers, salary, banks or any party. It added that it is currently exposed to potential lawsuits and claims for breach of contracts because unable to make payment and fulfill its commitment.
The situation looks bleak for now, Caely says it has communicated with the banks to allow it to use the monies and requested for reason for freezing the accounts but now information has been provided as of press time.
