THE Ministry of Domestic Trade (KPDN) and Cost of Living has imposed RM4.4 million in charges against 12 companies related to Global Ikhwan Services and Business Holdings Sdn Bhd (GISBH).
KPDN Minister Datuk Armizan Mohd Ali (picture) issued compounds after the Companies Commission of Malaysia (SSM) found all companies failed to submit their annual and financial statements.
“Besides GISB, there are 17 other companies using the GISB name in their SSM registration.
“At the same time, a review of data and websites related to GISB or ‘Ikhwan’ found that 201 businesses could be linked to GISB.
“One of the company’s responsibilities every year is to submit their audited financial statements. SSM investigation found that these 12 companies did not comply with the responsibility of submitting their Annual Statement and Financial Statement,” he told reporters after the TikTok Shop Seller Summit 2024 here, today.
Armizan stated that the ministry is responsible for assisting the police with legislation and addressing non-compliance by its business networks regarding GISB.
Yesterday, media reported Inspector-General of Police Tan Sri Razarudin Husain as saying GISBH has been found to have failed to pay taxes for its businesses
“This was discovered during checks by Bukit Aman with the Inland Revenue Board.
“We found that GISB has never paid any tax for their businesses in line with the investigation under the Income Tax Act 1967,” he said as quoted by several media. — TMR
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