An investigation into GISB Holdings Sdn Bhd has found assets worth more than RM52 million in 10 countries.
This includes 23 properties identified by authorities, with further investigations underway in nine other countries.
GISB's overseas operations span Southeast Asia, Europe and the Middle East. Police stated that three of the properties have ceased operations.
Meanwhile in Malaysia, the police have frozen and seized GISB's assets worth RM19.9 million.
This action was taken under the Anti-Money Laundering and Anti-Terrorism Financing Act 2001.
The freezing and confiscation included properties worth RM17 million and cash or other assets amounting to RM2.86 million.
The police insisted that the investigation was carried out transparently, with all legal procedures being followed.
This process differs from the preventive measures used in the previous case in 1994, as the current investigation involves the collection of evidence and legal scrutiny before further action is taken.
The case has attracted public attention because of its connection with the Aurad Muhammadiah order, a religious movement that has been declared heretical.
Authorities are working with international partners to gather more information.
