KUALA LUMPUR: Authorities are investigating various assets including business premises related to Global Ikhwan Service and Business Holdings (GISB) worth millions of ringgit in the ongoing investigation.

Harian Metro quoted Inspector-General of Police Tan Sri Razarudin Husain as saying that investigations would likely be done on more company assets.

"Insya Allah (the police) will investigate. There are stages in the investigation," he told Skuad Khas Harian Metro.

It is understood that this will help in the probe by police following the raids on 20 welfare homes owned by the company. GISB is at the centre of police probe for child exploitation, abuse and sexual crimes.

The private Muslim conglomerate, with assets totalling approximately RM325 million worldwide, had built a network of 415 business outlets across 20 countries in Asia, Europe, Africa and Australasia.

Founded in 2010 from the remnants of the Al Arqam Group, GISB boasts an impressive annual revenue of RM187 million,

rivalling that of many public-listed companies.

The group has 5,346 employees under its 25 subsidiaries.

Among its prized assets are a desert oasis in Saudi Arabia, restaurants in London, Paris, Istanbul, Dubai and Makkah, accommodations in Turkiye, a hotel in Sarajevo, Bosnia and Herzegovina, and a 48.56ha estate in Perth.

Police have also received information that the welfare homes under the company have outside sponsors besides GISB.

The company also operates old folks' homes, which also allegedly receive funds from others.

On Tuesday, Razarudin had said that police have frozen 96 bank accounts with over half a million ringgit linked to GISB.

The Anti-Money Laundering Criminal Investigation (AMLA) Unit was also investigating GISB's finances.

The company's chief executive officer and his wife are among 19 people who have been remaded since yesterday to facilitate investigations.

https://www.nst.com.my/news/crime-courts/2024/09/1108318/various-assets-business-premises-linked-gisb-being-probed