KUALA LUMPUR: Genneva Malaysia Sdn Bhd consultant Datuk Joseph Kow Hock Beng was charged in a Sessions Court here on two counts of abetting Genneva Malaysia into accepting deposits from the public amounting to RM5.5bil two years ago.
Kow was accused of accepting the deposit from the public via two CIMB Islamic Bank Berhad current accounts without valid license under Subsection 6(4) of the Banking and Financial Institutions Act 1989 (Act 372) through a scheme involving gold transaction.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
