GISB’s business operations nationwide crippled amidst police action

KUALA LUMPUR: Business activities involving GlSB Holdings Sdn Bhd (GISB) in the country are believed to have come to a halt following a series of large-scale raids conducted by the police under Op Global phases 1 to 4, which commenced early this month.

During these operations, police froze 138 bank accounts belonging to GISB, seizing over RM800,000 in funds. A total of 22 vehicles valued at about RM1.87 million and 14 properties were also seized, severely affecting the company's operations.