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Wednesday October 2, 2013 MYT 12:00:00 AM
Wednesday October 2, 2013 MYT 7:44:56 AM
SHAH ALAM: Five individuals who were charged at the Sessions Court here with 102 counts of money laundering amounting to RM3.4mil in connection with the Genneva gold investment scheme have posted bail.
The five – Datuk Philip Lim Jit Meng, his wife Chiew Soo Ling, siblings Ng Yee Yaw and Ng Wan Yee and Alex Yew Soo Hun – were given a deadline by Sessions Court judge Noradidah Ahmad Hakim to post the bail as the banks were closed when their cases were brought in court late Monday afternoon.
”You have until 3pm on Tuesday to pay up or you will be remanded,” Noradidah warned on Monday.
The judge imposed RM80,000 bail on Lim, RM30,000 on Chiew, RM60,000 on Yee Yaw, RM80,000 on Wan Yee and RM20,000 on Yew.
Lawyer A S Dhaliwal, who represented the five, confirmed that his clients posted bail yesterday morning.
The five, with a company Ng Advantage Sdn Bhd, were accused of receiving illegal gains from Genneva Malaysia Sdn Bhd and depositing the proceeds into several bank accounts between January 2011 and October 2012.
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Courts & Crime, bail, genneva, money laundering
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