Genneva Malaysia director charged with accepting deposits without a licence

KUALA LUMPUR: A Genneva Malaysia Sdn Bhd company director claimed trial to two counts of accepting deposits from the public without a licence for gold transactions amounting to RM5.5bil.

Ahmad Khairuddin Ilias, 56, was accused of accepting the deposits via two CIMB Islamic Bank Berhad current accounts and charged under Subsection 6(4) of the Banking and Financial Institutions Act 1989 (Act 372).