KUALA LUMPUR, April 27 -- Bank accounts belonging to fertiliser manufacturer Cropmate Bhd and its subsidiaries have been frozen as part of an ongoing money laundering investigation by the Malaysian Anti-Corruption Commission (MACC).

According to a report by The Edge, the company confirmed it was notified on April 24 that several of its accounts had been frozen under Section 44(1) of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (AMLA).

The order was issued in relation to an ongoing probe, which Cropmate said is understood to be a standard procedure during such investigations.

In a statement, the company said its board had no indication at this stage that the matter stemmed from any mis...