In a statement today, the fashion retailer said it remains “fully committed to cooperating with MACC in relation to the ongoing investigation”.

Announcing the arrests earlier today, MACC chief Azam Baki said the agency has recorded statements from 10 people so far, and is tracking down another 15 to obtain their statements.

He said the freeze on several company assets and bank accounts linked to the probe will remain in place.

Late last month, MACC froze several accounts belonging to Padini and its subsidiaries as part of a money laundering investigation.

Padini said the freeze 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.