Malaysia's MACC partially unfreezes Cropmate Bhd's bank accounts amid probe
The Malaysian Anti-Corruption Commission (MACC) has partially released bank accounts belonging to Cropmate Bhd and its subsidiary, Cropmate Fertilizer Sdn Bhd. The funds were initially frozen in April as part of an ongoing investigation under anti-money laundering laws.
The company has since taken steps to regain full access to its accounts, submitting formal requests to the authorities. On April 24, 2026, the MACC froze RM12.21 million held in bank accounts linked to Cropmate Bhd and its subsidiary. The action was taken under Section 44(1) of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001.
A week later, on May 1, 2026, the fertiliser company received notification that some of the frozen accounts had been partially released. In response, Cropmate Bhd submitted an additional letter of representation to the MACC, formally requesting the unfreezing of all remaining affected accounts. The partial release of funds follows the initial freezing order issued last month. Cropmate Bhd continues to engage with the MACC to resolve the matter fully. The outcome of their latest request remains pending.
