Kuala Lumpur: Four Directors Plead Not Guilty To 796 Money Laundering Charges
Publicado el Oct 15, 2010
Three directors and a former director of a gold investment company pleaded not guilty in the Sessions Court here Thursday to 796 counts of money laundering, involving millions of ringgit, three years ago.
The charges involved 364 bank cheques, each for between RM100,000 and RM4 million.
Those charged are Ng Poh Weng, 60, Marcus Yee Yuen Seng, 58, and Chin Wai Leong, 34, all directors of Genneva Sdn Bhd, and a former director of the company, Liew Chee Wah, 56.
Ng, who faces 263 charges, is alleged to be involved in the transactions of proceeds from an illegal activity by issuing several cheques for RM185,146,570.10 between June 10, 2008 and July 27, 2009.
Yee is faced with 234 charges for allegedly committing the same offence, involving RM153,324,636.00 between July 20, 2007 and July 20, 2009, while Chin faces 210 charges, also for the same offence, involving RM212,992,466.50, allegedly committed between June 10, 2008 and Dec 6, 2009.
Liew is charged with 89 counts, allegedly for committing the same offence, involving RM31,332,757.80 between July 20, 2007 and Feb 3, 2008.
They were alleged to have committed the offence at the Public Bank Berhad, Kuala Lumpur City Main Office, Ground Floor of Menara Public Bank, 146 Jalan Ampang here.
They are charged under Section 4 (1)of the Anti-Money Laundering and Anti-Terrorism Financing Act 2001, read together with Section 87(1)(a) of the same act, which carries imprisonment of up to five years and fine of up to RM5 million, if found guilty.
Earlier, deputy public prosecutor Haziq Razali requested bail of RM4 million in one surety each for each of the accused and for them to surrender their passports to the court.
However, lawyer Wong Kian Kheong, who represented Ng, Yee and Chin, in asking for a lower bail said the personal bank accounts of all his clients had been frozen and that they also needed their passport to continue with their business dealings in Singapore, Hong Kong and China.
Judge Rozana Ali Yusoff allowed Ng, Yee and Chin bail of RM1 million in two sureties each, while bail for Liew was set at RM800,000 in two sureties. All of them were ordered to surrender their passports to the court.
She also set Nov 16 for mention.