RM4.4mil in fines issued to 12 companies linked to GISB, says Armizan

PETALING JAYA: The Domestic Trade and Cost of Living Ministry has recently issued a total fine of RM4.4mil against 12 companies related to GISB (GISB) Sdn Bhd.

According to Sinar Harian, its 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.