Capital World Unit's Bank Accounts Frozen Amid Probe

MT Newswires

2025/04/01

Capital World (SGX:1D5) said Malaysia's anti-corruption commission froze bank accounts belonging to its subsidiary, CCP, as part of an ongoing investigation, according to a Monday filing on the Singapore Exchange.

CCP has engaged legal counsel and filed an application with the commission to lift the freeze.

It added that based on its cash reserves, the group's working capital is expected to remain sufficient until the end of August.

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