Top GISBH finance man nabbed, cops track money trail

Top GISBH finance man nabbed, cops track money trail

The man was arrested in Butterworth as police track the accounts of related companies and company members, says Inspector-General of Police Razarudin Husain.

Inspector-General of Police Razarudin Husain confirmed an important person believed to be responsible for managing GISBH’s cash flow was arrested in Butterworth, Penang last Saturday.
KUALA LUMPUR:
An important person believed to be responsible for managing the cash flow of Global Ikhwan Services and Business Holdings has been arrested, Inspector-General of Police Razarudin Husain said today.

He confirmed that the man was arrested in Butterworth, Penang, last Saturday.

“Further investigations into the individual and several other leaders are still being carried out, including examinations of all accounts related to him. We will track all transactions that may be related to GISBH,” he said.

He said the process of tracking GISBH’s financial transactions and assets would take time. “The process includes tracing the accounts of several related companies as well as the personal accounts of certain individuals, whether members of GISBH or outsiders.

“So far, most of the company’s assets have been seized in raids,” he said.

“Police are gathering as much information as possible to complete the investigation and welcome any reports from former GISBH members and victims,” he said.

On Sept 23, Razarudin said a total of 138 accounts related to GISBH had been frozen, involving a sum of more than RM882,000, while 15 other accounts were closed. Police also seized 22 cars valued at about RM1.87 million and 14 plots of land.

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