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Warrant of arrest also issued against SCIB former chairman and director Dato’ Mohd Abdul Karim bin Abdullah
Kuala Lumpur, 12 March 2026
The Securities Commission Malaysia (SC) today charged former Group Managing Director and Chief Executive Officer of Sarawak Consolidated Industries Berhad (SCIB) Rosland bin Othman (Rosland) at the Kuala Lumpur Sessions Court for an offence of causing the furnishing of a false statement by SCIB to Bursa Malaysia.
Rosland was charged with one charge under section 369(b)(B) of the Capital Markets and Services Act 2007 (CMSA) for causing the furnishing of SCIB’s Interim Financial Report on Consolidated Results for the Quarter Ended 30 June 2021 which contained a revenue figure of RM852.8 million to Bursa Malaysia on 30 September 2021.
According to the charge, Rosland is deemed to have committed the offence under section 367(1) of the CMSA in his capacity as director of SCIB at the material time.
Rosland claimed trial to the charge against him. Sessions Court judge Tuan Azrul bin Darus granted Rosland bail of RM500,000 with one local surety. He was also ordered by the court to surrender his passport and to report to the SC’s Investigating Officer on a monthly basis until the completion of the trial as additional bail conditions.
If convicted, Rosland could face imprisonment for a term not exceeding 10 years and shall also be liable to a fine not exceeding RM3 million.
The SC was represented by SC Deputy Public Prosecutors Mohd Hafiz Mohd Yusoff and Hashley Tajudin, and prosecuting officers Quek Yiing Huey and Siti Sarah Kamaruzaman.
Separately, the SC also secured a warrant of arrest earlier today against former SCIB Chairman and non-executive and non-independent director Dato’ Dr. Ir. Ts. Mohd Abdul Karim Abdullah (Karim).
Karim was previously charged for a similar offence by the SC in 2021 in relation to false information in the financial statements of Serba Dinamik Holdings Berhad. The matter was however resolved via compound following the decision of the Public Prosecutor in accepting Karim’s representation, where he was imposed with a compound of RM3 million.
Karim, who is currently at large, is wanted for the same offence under section 369(b)(B) of the CMSA. The Public Prosecutor has granted consent for criminal prosecution against Karim for his involvement in causing the furnishing of the false statement by SCIB to Bursa Malaysia.
Karim’s details and last known addresses are as follows:
