Crime & Courts

[UPDATED] Cops investigate missing funds, GISBH 'money man' arrested

KUALA LUMPUR: Global Ikhwan Services and Business Holdings (GISBH) money man was among the top brass arrested by police on Sept 21.

The Malaysian Centre for the Study of Deviant Teachings (Pukas) had recently revealed that this man was the company bookkeeper.

Inspector-General of Police Tan Sri Razarudin Husain confirmed that the individual was among suspects arrested on Sept 21 following raids at Butterworth, Penang.

"We are in the midst of checking the bank accounts of this suspect as well as several other key people of the company.

"We believe that this line of investigations will help us to retrace all transactions that could be linked to the company," he said when contacted on Friday.

Pukas claimed in a post on its official Facebook page that the company collected over RM2.3million only from collections made via 58 zones worldwide.

It also alleged that the zone representatives would channel the funds to the "money-man" and another woman.

It said the funds never made it to the company accounts and only funds in smaller values were trickled into those accounts for the cash flow of their smaller businesses.

It also claimed that the money man would then distribute the remaining funds collected to the top leaders either via asset purchases, gold and cash transactions.

It was earlier reported that police are currently scrutinising GISB finances to determine if any funds were channeled into accounts belonging to its senior leadership.

The Anti Money-Laundering Unit is poring through GISB's bank accounts, seized assets and studying the cash flow.

On Wednesday, police said a joint probe with the Inland Revenue Board (IRB) showed that GISB has never paid its taxes.

Police had also frozen millions of ringgit worth of land, assets and vehicles linked to the company which was under probe for, among others, child labour, abuse and exploitation.

To date, they have also 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.

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