GISBH, subsidiary registrations to be cancelled, says minister

KUALA LUMPUR, Sept 24 — The Companies Commission of Malaysia (SSM) may cancel the company registrations of GISB Holdings Sdn Bhd (GISBH) and its subsidiaries if they endanger the public interest, Datuk Armizan Mohd Ali said.

The Minister of Internal Trade and Cost of Living said the agency is currently investigating a business network linked to the banned Al-Arqam sect, which is now at the center of a controversy over child sexual exploitation and human trafficking.

GISBH bills itself as a Muslim-run company and has assets worth RM325 million worldwide. The company has 415 branches in 20 countries across Asia, Europe, Africa and Australasia.

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