Prosecution to call up to 20 witnesses as GISBH money laundering trial proceeds at Shah Alam court

Former GISB Holdings Sdn Bhd CEO Nasiruddin Mohd Ali, 67, is seen at the Sessions Court in Shah Alam, Selangor on October 5, 2026, where his money laundering trial and that of three former company accountants will proceed after their representation to drop the charges was rejected. — Bernama pic

First Published: Monday, 05 Oct 2026 2:58 PM MYT

SHAH ALAM, Oct 5 — The Sessions Court here was informed today that the representation submitted by the former chief executive officer (CEO) of GISB Holdings Sdn Bhd (GISBH) and three former company accountants to drop money laundering charges against them had been rejected.

Following this, Deputy Public Prosecutor (DPP) Mohd Ashrof Adrin, who appeared alongside DPP Muhamad Ehsan Nasarudin, said the prosecution would proceed with the trial.

“I regret to inform the court this morning that the prosecution wishes to state that the representation has been rejected and the prosecution will proceed with the trial.

“We will be calling between 15 and 20 prosecution witnesses, and regarding the trial dates, I believe we will require six to eight days,” he said during case management proceedings before Judge Datin Fatimah Zahari.

The four accused are Nasiruddin Mohd Ali, 67, who faces 77 charges involving more than RM10 million; Hamimah Yakub, 74, facing 95 charges involving RM11.4 million; Asmat @ Asmanira Muhammad Ramly, 46, facing 68 charges involving RM4.7 million; and Mohd Khushairi Osman, 55, facing 91 charges involving nearly RM12 million.

However, lawyer Datuk Rosli Kamaruddin, representing all four accused, informed the court that the defence intends to submit a new representation once the seized assets are officially returned to his clients.

He said the new representation would, among other matters, address the possibility of resolving the case through a compound offer.

“For the record, the previous representation did not address the issue of exploring a compound, so there may be a representation exploring this issue,” said Rosli, who was accompanied by lawyer Muhammad Zaim Rosli.

He also requested the court to fix a case management date to determine the status of the new representation in January 2027.

After hearing submissions from both parties, Fatimah fixed the trial for April 26 to 28, June 28 to 30 and July 6 to 8 next year, while the status of the second representation by all four accused will be heard on Jan 26.

Meanwhile, Rosli also sought the court’s permission for the return of Nasiruddin’s passport to enable him to travel to Mecca. Nasiruddin, who appeared in court in a wheelchair, intends to meet his fourth wife, Ummu Mubaroqah Ashaari, 32, who is scheduled to undergo a Caesarean section this month.

He said Muhammad Saleh Basharahil Hospital in Makkah had advised Nasiruddin to be present to provide consent for his wife’s surgery, as she is now full-term, although the exact date of the procedure has yet to be determined.

Mohd Ashrof Adrin informed the court that the prosecution did not object to the application, subject to the conditions stipulated in the notice of application, including that the passport be returned to the court on or before Nov 10, 2026.

The judge subsequently allowed the application subject to the stipulated conditions.

On Sept 10, 2025, Nasiruddin and the three former company accountants pleaded not guilty at the Shah Alam Sessions Court to money laundering charges brought against them.

The alleged offences were committed at bank branches in Selangor between 2020 and 2024 and involved transactions with various parties, including bank accounts belonging to GISBH Sdn Bhd, GISB Mart Sdn Bhd, GISB Travel and Tours Sdn Bhd and childcare centre companies.

They were charged under Section 4(1)(b) of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (Act 613), punishable under Section 4(1) of the same Act.

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. — Bernama