PETALING JAYA: MMAG Holdings Bhd said several of its bank accounts have been frozen by the Royal Malaysia Police’s Anti-Money Laundering (AMLA) investigation unit, with the restrictions in place since late last year. In a filing with Bursa Malaysia yesterday, the logistics and aviation services group said the accounts were gradually frozen between October and November 2025 and have remained inaccessible for more than 90 days. The company said it had not received any formal freezing order and was unaware of the particulars of the action. “At this juncture, the board is unable to ascertain the financial and operational impact of the freezing of the affected accounts on the group,” MMAG said. The group added that it has taken steps to maintain operations, including using other available bank accounts to ensure that day-to-day activities continue without disruption.

Source: The Star March 11, 2026 01:34 UTC