The Malaysian Anti-Corruption Commission (MACC) has detained eight individuals to assist investigations into the freezing of several bank accounts belonging to Padini Holdings Bhd and its local subsidiaries.
MACC Chief Commissioner Azam Baki said investigations are still ongoing, with 10 individuals already having their statements recorded so far.
He added that 15 more individuals are being traced to assist the probe, while the case remains active and ongoing at this stage.
Earlier reports indicated that Padini Holdings Bhd and five of its local subsidiaries were among companies with 21 bank accounts frozen as part of MACC’s wider investigation involving foreign business partners.
Most of the frozen accounts are linked to Padini Corporation Sdn Bhd, Yee Fong Hung (Malaysia) Sdn Bhd, Padini Dot Com Sdn Bhd, Vincci Ladies’ Specialties Centre Sdn Bhd, and Seed Corporation Sdn Bhd.
Azam said the freezing of assets is still ongoing as investigators continue to examine financial transactions related to the case.
He also reminded public officials to avoid corruption and abuse of power, stressing that significant financial losses must be recovered for the benefit of the public.
