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POLICE are currently scrutinising Global Ikhwan Services and Business Holdings' (GISB) finances to determine if any funds were channelled into accounts belonging to its senior leadership, reported The New Straits Times.
The Inspector General of Police Tan Sri Razarudin Husain told the English-language daily its Anti Money-Laundering Unit is poring through GISB's bank accounts, seized assets and studying the cash flow.
"While our personnel are looking into bank accounts linked to the company, we are also focusing on bank accounts belonging to the company's leadership as well.
"Further investigations are also being conducted to trace money allegedly collected from monthly contributions through GISB's representatives of each zone," he told the NST.
He noted that the cops are looking to establish how the money flowed within the company's businesses.
"This investigation will take time as we have to examine witness statements as well as intelligence gathered throughout our probe so far.
"We believe we have seized a large portion of its assets following phases one to four of Op Global," he was quoted telling the paper.
Razarudin said that based on their observations, almost all premises linked to the company were no longer operating.
"The company's business activities have also slowed down following various posts on social media about the company since August.
On Wed, police said a joint probe with the Inland Revenue Board (IRB) showed that GISB had never paid taxes.
The cops have frozen assets and vehicles linked to the company which was under probe for, among others, child labour, abuse and exploitation.
Police have seized 38 vehicles worth almost RM4 million.
The Anti Money Laundering Unit also seized RM882,795.94 cash in 138 bank accounts. Fifteen of those accounts had been closed.
Among other assets frozen included 14 plots of land, while nine horses, 14 rabbits and three peacocks, RM18,650 cash and two watches worth RM600 were also seized. - September 27, 2024