Padini Shares Surge on MACC Account Freeze Resolution
Padini Holdings shares climbed nearly 13% after Malaysia's anti-corruption watchdog unfroze the garment retailer's bank accounts, with no arrests or legal proceedings announced.
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MACC Clears Padini Holdings in Probe; All Frozen Accounts Released
The Malaysian Anti-Corruption Commission has released frozen bank accounts belonging to Padini Holdings and its subsidiaries following an investigation. No charges have been brought against the garment retailer or its personnel.