Padini Holdings Berhad announced that the Malaysian Anti-Corruption Commission (MACC) has lifted the freeze on all affected bank accounts belonging to the company and its subsidiaries.
In a public statement issued on Wednesday, the fashion retailer said all bank accounts that had been frozen pursuant to the MACC’s investigation have now been unfrozen.
The company also clarified that no director, officer, employee or representative of the Padini group has been arrested or charged with any offence in connection with the investigation.
In addition, Padini confirmed that neither the company nor any of its subsidiaries has been made the subject of forfeiture proceedings arising from the matter.
The latest announcement follows the company’s statement issued on April 25, 2026, when it first disclosed that certain bank accounts had been frozen as part of the MACC’s investigation.
Padini reiterated that it has consistently maintained throughout the investigation that neither the company nor any member of its group was involved in any wrongdoing or improper conduct.
“The Group remains firmly committed to the highest standards of integrity, transparency and corporate governance, and maintains a strict zero-tolerance policy towards corruption, bribery and all forms of unlawful or unethical conduct,” the company said.
