The Securities Commission Malaysia has charged former Sarawak Consolidated Industries Berhad (SCIB) Group Managing Director and Chief Executive Officer Rosland bin Othman at the Kuala Lumpur Sessions Court for allegedly causing SCIB to furnish a false statement to Bursa Malaysia, and separately obtained a warrant of arrest for former SCIB chairman Mohd Abdul Karim Abdullah for the same alleged offence. The charge against Rosland was brought under section 369(b)(B) of the Capital Markets and Services Act 2007 in relation to SCIB’s interim financial report for the quarter ended 30 June 2021, which reported revenue of RM852.8 million and was furnished to Bursa Malaysia on 30 September 2021. Rosland claimed trial and was granted bail of RM500,000 with one local surety, alongside conditions to surrender his passport and report monthly to the SC’s investigating officer until the trial is completed; conviction carries potential imprisonment of up to 10 years and a fine of up to RM3 million. For Karim, the Public Prosecutor has consented to criminal prosecution and he remains at large; the SC noted he was previously charged in 2021 over false information in Serba Dinamik Holdings Berhad’s financial statements, which was resolved via a RM3 million compound.
Malaysia Securities Commission 2026-03-12
Malaysia Securities Commission charges former SCIB CEO over alleged false RM852.8 million revenue disclosure and secures arrest warrant for ex-chairman
The Securities Commission Malaysia charged former Sarawak Consolidated Industries Berhad (SCIB) Group Managing Director Rosland bin Othman for allegedly causing SCIB to furnish a false statement to Bursa Malaysia. A warrant of arrest was obtained for former SCIB chairman Mohd Abdul Karim Abdullah for the same alleged offence. Rosland claimed trial and was granted bail, while Karim remains at large with prior charges resolved via a RM3 million compound.