Three officials of GIIB Holdings detained by MACC

KUALA LUMPUR: Three officials of GIIB Holdings Bhd have been detained by the Malaysian Anti-Corruption Commission (MACC).

The technical rubber compound specialist, in a filing with Bursa Malaysia, said the three were executive chairman and CEO Tai Boon Wee and two executive directors, Tai Qisheng and Wong Ping Kiong.

“They have given full cooperation to the MACC and have since been released. The legal representatives of the company are now following up on the matter,” GIIB said.

The company said if and when new developments were to arise pertaining to this matter, the company will duly make the appropriate announcements.