The Malaysian Anti-Corruption Commission (MACC) has detained the former chief executive officer and chief financial officer of Padini Holdings Berhad.
The arrests are linked to an investigation into alleged abuse of power surrounding a RM370 million acquisition of plantation shares.
Multiple wire services, including Asharq Al-Awsat and New Straits Times, reported the detentions on Wednesday.
Multiple wire services, including Asharq Al-Awsat and New Straits Times, reported the detentions on Wednesday.
The move marks a significant escalation in the regulatory scrutiny facing the Malaysian fashion retailer.
The investigation centers on the RM370 million transaction, with authorities alleging that the former executives misused their positions during the deal.
The specific charges and legal proceedings remain to be detailed by the commission.