GISBH case trial set after representation rejected
The Sessions Court in Shah Alam has rejected a representation submitted by the former chief executive officer of GISBH Holdings Sdn Bhd and three former company accountants to drop money laundering charges against them, clearing the way for a trial. Deputy Public Prosecutor Mohd Ashrof Adrin confirmed that the prosecution would proceed with the case after the application was denied during case management proceedings before judge Datin Fatimah Zahari.
Charges and Accused
Nasiruddin Mohd Ali, 67, faces 77 charges involving RM10 million. Hamimah Yakub, 74, faces 95 charges involving RM11.4 million. Asmat @ Asmanira Muhammad Ramly, 46, faces 68 charges involving RM4.7 million. Mohd Khushairi Osman, 55, faces 91 charges involving nearly RM12 million.
The offences were allegedly committed at bank branches in Selangor between 2020 and 2024. Transactions involved bank accounts belonging to GISBH Sdn Bhd, GISB Mart Sdn Bhd, GISB Travel and Tours Sdn Bhd, and childcare centre companies. The accused pleaded not guilty on Sept 10, 2025, under Section 4(1)(b) of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (Act 613).
New Representation and Trial Dates
Counsel Datuk Rosli Kamaruddin, who is acting for the quartet of defendants, told the bench that the defence plans to file a fresh representation. He explained that this new filing will consider a potential settlement via a compound offer, a matter omitted from the earlier submission. The court will consider the status of this fresh representation on 26 January.
The judge fixed the trial for April 26 to 28, June 28 to 30, and July 6 to 8 next year. The prosecution stated they will call between 15 and 20 witnesses and require six to eight days for the proceedings.
Defence counsel also requested the return of Nasiruddin’s passport so he can travel to Makkah to meet his wife, who is scheduled to undergo a Caesarean section. The hospital advised Nasiruddin to be present to provide consent for the surgery. The judge allowed the application on the condition that the passport be returned to the court on or before Nov 10, 2026.
Nasiruddin, who attended the hearing using a wheelchair, said he plans to see his fourth spouse, 32-year-old Ummu Mubaroqah Ashaari. The petition filed by the ex-CEO of GISB Holdings Sdn Bhd together with three former accountants, seeking to have the money-laundering charges dismissed, was turned down. In response, Deputy Public Prosecutor Mohd Ashrof Adrin, appearing with DPP Muhamad Ehsan Nasarudin, announced that the prosecution will move forward with the case.
He further asked the bench to set a case-management hearing in January 2027 to decide the fate of this new filing.
If convicted, an offender is liable to imprisonment for a term not exceeding 15 years and a fine of not less than five times the amount or value of the proceeds of unlawful activity at the time the offence was committed, or RM5 million, whichever is higher. The judge subsequently allowed the application subject to the stipulated conditions. The prosecution did not object to the application, subject to the conditions stipulated in the notice of application.
