RM4.4mil in fines issued to 12 companies linked to GISB, says Armizan


PETALING JAYA: The Domestic Trade and Cost of Living Ministry has recently issued a total fine of RM4.4mil against 12 companies related to GISB (GISB) Sdn Bhd.

According to Sinar Harian, its minister, Datuk Armizan Mohd Ali, said the fines were imposed following an investigation by the Companies Commission of Malaysia (SSM) which found that all the companies involved failed to comply with their responsibilities to submit annual statements and financial statements.

Uh-oh! Daily quota reached.


Experience an ad-free unlimited reading on both web and app.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Nation

Review eKasih criteria for helping disaster victims, Upko leader urges Putrajaya
'Significantly higher' Federal allocations to continue for poorer states under 13MP, says Rafizi
Govt aiming to cut fiscal deficit to 3.8% this year
Bank employees honoured for scam prevention efforts
Ex-lecturer’s defence team to file representation to review murder charge
Report: Scam calls in Malaysia skyrocketed by 82.81% in 2024
Provisional registration of medical grads down 38% since 2017, says MMC
Not enough evidence to charge Zeti, says Azalina
Bank staff trained to spot ‘red flags’ prevent RM12.4mil in fraudulent transfers
Journalist’s arrest was based on lodged report, says Azam

Others Also Read