Nation

[Updated] Unmasking GISB: Police uncover years of tax evasion

KUALA LUMPUR: Global Ikhwan Services and Business Holdings (GISB) has never paid its taxes.

Inspector General of Police Tan Sri Razarudin Husain said this was revealed following a joint probe together with the Inland Revenue Board.

"Based on our collaboration with the IRB, we found that the company never paid taxes. The findings were in line with our investigations conducted under the Income Tax Act 1967," he said today.

It was reported that police have 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 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.

GISB has been at the centre of police investigations after raids on Sept 11 on 20 welfare homes allegedly operated by them led to 402 children being rescued.

Subsequent screenings of the children revealed many of them suffered physical and emotional injuries.

During investigations, police also revealed that 13 of the children had also been sodomised.

GISB has since denied the allegations of child exploitation and sexual abuse.

Most Popular
Related Article
Says Stories