GISBH company registration can be cancelled

IPOH: Global Ikhwan Services and Business Holdings (GISBH) is at risk of having its registration revoked by the Companies Commission of Malaysia (SSM) if the company is found guilty of activities that are contrary to public interest and current regulations.

Domestic Trade and Livelihood Minister Datuk Armizan Mohd Ali said the ministry, through SSM, will work with the police to assist in the investigation into GISBH.

“The investigation into GISBH at ministerial level is linked to the SSM Supervision and Regulation Act.

“We are currently in the process of assessing the company’s registration, including compliance with legislation regarding annual reports, financial statements and the like,” he said.

He said this at a press conference after attending the opening of the SSM Perak Branch here today. The building was officially opened by the Sultan of Perak, Sultan Nazrin Muizzuddin Shah.

GISB was at the center of police investigations after September 11 raids on 20 nursing homes allegedly run by the company led to the rescue of 402 children. Subsequent screenings of the children revealed that many had suffered physical and emotional injuries.

During the investigation, police also revealed that 13 of the children had also been sodomized. GISB has since denied the allegations of child exploitation and sexual abuse.

Armizan said the ministry is working closely with police to complete the investigation and ensure that the investigation proceeds as smoothly as possible.

When asked whether the ministry had received any complaints about GISB’s online sales and advertising of products, he replied that no reports had been received so far.

“We are working with the Malaysian Communications and Multimedia Commission (MCMC) on online product promotion and other promotions. We will take action if there are any reports,” he said.

On Friday, Communications Minister Fahmi Fadzil said it was up to the ministry to investigate issues surrounding consumerism.

When asked what measures would be taken if GISB changed its name to hide its activities, he acknowledged that.

“This is an important case and the investigation is being led by the police. I cannot give further details, but there are attempts to cover up their operations. This is also being investigated and monitored,” he added.