The former chief executive officer (CEO) of GISB Holdings Sdn Bhd (GISBH) and three former accountants are awaiting a court decision on their representations concerning multiple money laundering charges. The Shah Alam Sessions Court has scheduled a hearing for October 3 to determine the outcome of these representations.
The accused individuals—Hamimah Yakub, 74; Asmat @ Asmanira Muhammad Ramly, 46; and Mohd Khushairi Osman, 55—are facing a total of 331 charges under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001. The charges involve transactions totaling over RM38.1 million, allegedly conducted between 2020 and 2024.
The prosecution has applied to consolidate all cases and have them tried before the same judge. Sessions Court judge Fatimah Zahari has agreed to this application, and the cases have been transferred from the Kuala Lumpur, Johor Bahru, and Kulim Sessions Courts to Shah Alam.
The accused individuals have pleaded not guilty to the charges. Their defense counsel has indicated intentions to submit representations within three weeks, citing the extensive case documents totaling about 10,000 pages.
The court has set October 3 as the date to hear the representations and decide on the next steps in the legal proceedings. The outcome of this hearing will determine whether the cases proceed to trial or if alternative resolutions are considered.
The charges against the former GISBH CEO and accountants have attracted significant public attention, given the scale of the alleged financial transactions and the involvement of high-ranking individuals within the organization. The legal proceedings are ongoing, and the public is awaiting further developments following the October 3 hearing.