Its director, Ramli Yoosuf, said they had only gone over to the company’s premises to collect documents on Wednesday.

“We went there only to collect documents for our investigation. No one was arrested,” he told FMT.

However, he did not give details of the investigation they are carrying out.

Ramli’s denial follows claims circulating on WhatsApp that the CCID had raided KNM’s offices.

According to these claims, the police had seized “many documents pertaining to KNM”.

The company, which was recently embroiled in a boardroom battle, was classified as a PN17 company on Oct 31 last year and was required to submit its regularisation plan to the regulatory authorities within a year.

On Oct 30, it sought a one-year extension from Bursa Malaysia Securities.