Mayu Global’s bank accounts unfrozen, RM6.3mil released.
Order under Section 44A of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 had been lifted.
KUALA LUMPUR: Mayu Global Group Bhd said seven bank accounts linked to the company and its subsidiaries have been unfrozen following the revocation of a police order.
In a filing with Bursa Malaysia, the steel product maker said it received notification from Bukit Aman Polis Diraja Malaysia that the order under Section 44A of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 had been lifted.
Mayu Global said the affected bank accounts are now fully operational, with RM6.3mil released.
It added that all of the group’s accounts are no longer subject to any freezing orders.