Shares in Padini Holdings Bhd fell nearly 10% to RM1.40 on Monday morning after reports that several of its bank accounts were frozen by the Malaysian Anti‑Corruption Commission (MACC) in a money‑laundering probe. At 9.39am, the counter traded at RM1.48, down 4.52% from Friday’s close, with 8.21 million shares exchanged.
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Padini Shares Slide After MACC Freeze
Over the weekend, Padini announced an internal compliance review and confirmed the freeze order involves external counterparties, not its management or staff. The retailer has engaged legal counsel to seek relief while assuring that operations remain unaffected, pledging transparency and full cooperation with authorities.
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