8 detained in MACC probe on frozen Padini accounts

8 detained in MACC probe on frozen Padini accounts

Azam Baki says another 15 people are being tracked down to assist in the investigation.

PADINI OUTLET AEON CHERAS
In late April, MACC froze several bank accounts belonging to Padini Holdings Bhd and its subsidiaries as part of a money-laundering investigation.
PETALING JAYA:
Eight people have been detained to assist in an investigation into the freezing of several bank accounts belonging to fashion retailer Padini Holdings Bhd, says Malaysian Anti-Corruption Commission chief Azam Baki.

Azam said statements have been recorded from 10 individuals so far, Berita Harian reported.

“Another 15 individuals are  being tracked down to have their statements recorde,” he told a press conference after displaying four repatriated 1MDB-linked artworks today.

Azam said the freeze on the companies’ assets remained in place.

“The investigating officers are of the view that the companies’ assets should continue to be frozen,” he said.

In late April, MACC froze several accounts belonging to Padini and its subsidiaries as part of a money-laundering investigation.

The fashion retailer said the freezing was linked to investigations involving several third parties outside the company, and that it had appointed lawyers to unfreeze the affected accounts while business operations continued as usual.

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