SHAH ALAM (Jan 29): A total of 331 money laundering charges involving more than RM38.1 million against the former chief executive officer and three accountants of GISB Holdings Sdn Bhd (GISBH) will be heard before the same judge. The charges involve Nasiruddin Mohd Ali, 67, who faces 77 counts amounting to RM10 million; Hamimah Yakub, 74, with 95 counts involving RM11.4 million; Asmat @ Asmanira Muhammad Ramly, 46, with 68 counts involving RM4.7 million; and Mohd Khushairi Osman, 55, who faces 91 counts involving almost RM12 million. During proceedings on Thursday, Deputy Public Prosecutor Mohd Ashrof Adrin Kamarul said applications to consolidate the cases had been made earlier in all relevant courts. On Sept 10 last year, Nasiruddin and the three former accountants pleaded not guilty at the Shah Alam Sessions Court to the money laundering charges. The offences were allegedly committed at bank branches across Selangor between 2020 and 2024, involving transactions to several parties, including accounts belonging to GISBH, GISB Mart Sdn Bhd, GISB Travel and Tours Sdn Bhd, and a childcare centre operator.

Source: The Edge Markets January 29, 2026 07:25 UTC