In a bourse filing today, the fertiliser manufacturer said it was notified about the development by its solicitor on May 1.

“The company has, through its solicitor, submitted a further letter of representation to MACC to seek the unfreezing of all the bank accounts of the affected company and its subsidiary,” it said.

The update follows Cropmate’s external auditors raising concerns about the company’s ability to continue operating beyond Dec 31, 2025, citing frozen accounts and uncertainty over how long the freeze will last and its impact.

On April 24, Cropmate said MACC had frozen several bank accounts belonging to the company and its subsidiary as part of an investigation under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001.

The company said at the time it had not been informed of the full details or circumstances that led to the investigation.

It has since appointed Hisyam Teh Poh Teik as its lead counsel, together with Mustafa, Ling & Co as its solicitor on record.