12 GISB firms fined RM4.4mil for not playing by the rules

KUALA LUMPUR: A total of 12 companies related to Global Ikhwan Services and Business Holdings (GISB) have been fined RM4.4mil, says the Domestic Trade and Cost of Living Ministry.

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.”