In a filing with Bursa Malaysia, the fertiliser manufacturer said it was taking the necessary steps to address the matter.

It also said lawyer Hisyam Teh Poh Teik had 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 release of the company’s and its subsidiary’s bank accounts,” it said.

On April 24, Cropmate was notified that MACC had frozen certain bank accounts belonging to the company and its subsidiary in connection with an investigation.

They were frozen under the Anti‑Money Laundering, Anti‑Terrorism Financing and Proceeds of Unlawful Activities Act 2001, or Amla.

Cropmate said it had not been informed of the full details or circumstances that led 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.”