KUALA LUMPUR, April 25 -- Several bank accounts belonging to fashion retailer Padini Holdings Berhad and its subsidiaries have been frozen by the Malaysian Anti-Corruption Commission (MACC) in connection with an anti-money laundering investigation.

In a filing with Bursa Malaysia yesterday, the company announced it was notified on April 24 that the freezing order had been issued under Section 44(1) of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (AMLA).

While the company confirmed the action is linked to an ongoing MACC probe, no further details on the nature of the investigation were disclosed.

Operations not materially affected

Padini moved quickly to reassure the market, stating t...