Genneva case: Five slapped with 277 money laundering charges involving RM937mil


KUALA LUMPUR: Five individuals and a company have been charged at a Sessions Court here with 277 counts of money laundering involving RM937mil.

They were alleged to have received illegal proceeds from gold investment scheme company Genneva Malaysia Sdn Bhd and transferred them to personal and company accounts which has dealings with it.

The five are Ng Wan Yee, 34, Ng Yee Yaw, 32, Chiew Soo Ling, 49, Alex Yew Soo Hun, 37, Tony Yao Kee Boon, 52, and Ng Advantage Sdn Bhd.

Wan Yee and Yee Yaw are directors of Ng Advantage.

The siblings are the children of Genneva's business adviser Datuk Ng Poh Weng, 63, who had been slapped with 155 money laundering charges in court on Friday.

Chiew is the wife of Genneva director Datuk Philip Lim Jit Meng, 56 who had been charged in two courts here for allegedly making a false statement, illegal deposit-taking and money laundering.

Ng Advantage, a subsidiary company related to Genneva, faces 82 money laundering charges.

Wan Yee faces 82 charges, Yee Yaw (82), Chiew (26), Yew (3) and Yao (2).

They were said to have committed the offences at various banks between early 2011 and late last year.

They claimed trial to all charges.

DPP Mardziatun Nisa Ahamadul Kabir applied to the court for a joint trial with the case charged on Friday.

Sessions Court judge Mat Ghani Abdullah imposed bail of RM100,000 on Wan Yee and Yee Yaw in two sureties, RM20,000 for Yew and Yao while RM50,000 for Chiew in one surety.

The judge allowed all to post their bail by Wednesday at 10am.

He ordered them to surrender their passport to court and fixed Nov 27 for case management.

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