00:00Fashion retailer Padini Holdings Berhad said it is unaware of any wrongdoing or allegations against the company
00:08after several of its bank accounts were frozen amid an ongoing money-laundering investigation.
00:14The group said the Malaysian Anti-Corruption Commission issued the freeze order as part of an investigation
00:20involving certain external counterparties to the group who are not employees, officers or part of the group's management.
00:28In a statement, Padini said that it has been and will continue to be fully cooperative with the relevant authorities
00:34and remains committed to ensuring transparency throughout this process.
00:39The company said that out of caution, it has begun an internal review to assess the circumstances surrounding the matter,
00:46including its internal controls and compliance procedures.
00:50It said it has engaged external legal counsel and may seek appropriate relief,
00:56including efforts to unfreeze the affected accounts.
01:00Natasha Bust, FMT.
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