The Malaysian Anti-Corruption Commission (MACC) has unfrozen all bank accounts belonging to Padini Holdings Bhd and its subsidiaries, removing a significant operational constraint on the fashion retailer.
The regulator confirmed the move, which restores full access to corporate funds that had been held as part of an ongoing investigation.
The unfreezing marks a pivotal development for Padini, allowing the company to resume normal cash management and working capital operations without regulatory restriction.
While the accounts are now accessible, the action does not signal the conclusion of the broader probe; rather, it indicates that the immediate need for asset preservation has been lifted by authorities.
This development follows earlier confirmation from Padini Holdings that the MACC had revoked the seizure orders.
The restoration of liquidity is likely to ease near-term financial pressure on the group, though investors will remain focused on the outcome of the underlying investigation.