Cropmate Bhd said the Malaysian Anti-Corruption Commission (MACC) partially released funds from some of its and its subsidiary’s bank accounts previously frozen under anti-money laundering laws [1].
The company was notified by its solicitor on May 1, 2026, about the partial unfreezing of these accounts [1]. Cropmate said it submitted a further letter of representation to the MACC seeking the full unfreezing of all affected accounts [1].
The bank accounts were frozen under Section 44(1) of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 [1]. Cropmate previously said RM12.21 million belonging to itself and its subsidiary Cropmate Fertilizer Sdn Bhd had been frozen by the MACC as of April 24, 2026 [1].
On April 28, Cropmate confirmed the freeze and said it was taking steps to address the situation [1]. The partial release of funds marks a new phase in the company's efforts to resolve the matter.
The latest update on May 1 was reported by Malay Mail on May 4, 2026 [1].