SHAH ALAM, Sept 10 — GISB Holdings Sdn Bhd's chief executive officer Nasiruddin Mohd Ali and three of the company’s former accountants pleaded not guilty in the Sessions Court today to 264 counts of money laundering amounting to RM40.01 million.
The 66-year-old faces 109 counts of money laundering involving RM14 million, while former accountant Asmat @ Asmanira Muhamad Ramly, 44, faces 41 charges totalling RM5 million.
Mohd Khushairi Osman, 54, faces 54 charges involving RM20.3 million, while Hamimah Yakub, 73, is charged with 60 counts of transferring and receiving proceeds from illegal activities totalling RM710,000.
Nasiruddin, Asmanira, Khushairi, and Hamimah entered their pleas of not guilty after the charges were read out separately before Judge Awang Kerisnada Awang Mahmud.
All the offences were allegedly committed at bank branches around Selangor between 2020 and 2024, involving transactions with several parties, including bank accounts belonging to GISBH, GISB Mart Sdn Bhd, GISB Travel and Tours Sdn Bhd, and a childcare centre.
They were charged under Subsection 4(1)(b) of the Anti-Money Laundering, Anti-Terrorism Financing, and Proceeds of Unlawful Activities Act 2001, which is punishable under Subsection 4(1) of the same Act.
Upon conviction, they may face imprisonment for a term not exceeding 15 years and a fine of not less than five times the value of the proceeds of illegal activities at the time the offence was committed, or RM5 million, whichever is higher.
Deputy Public Prosecutors Mohd Izham Mohd Marzuki, Megat Mahathir Megat Tharih Affendi, and P. Sangari appeared for the prosecution, while all the accused were represented by counsel Datuk Rosli Kamaruddin.
The court then set bail at RM20,000 each for Hamimah and Asmanira and RM25,000 for Khushairi, with all of them required to comply with the conditions set.
The conditions require that the surety be from Selangor or Kuala Lumpur, the accused report to the police's AMLA at Bukit Aman in the first week of every month, and refrain from interfering with prosecution witnesses.
Nasiruddin was not granted bail as he is being detained under the Security Offences (Special Measures) Act 2012.
The court has fixed the case involving Hamimah and Nasiruddin for mention on November 6, and those of Asmanira and Khushairi for November 24.
Yesterday, Hamimah pleaded not guilty in the same court to nine counts of money laundering involving RM3.89 million.
