PUTRAJAYA: Four former directors of gold bar investment company Genneva Sdn Bhd have been convicted of money laundering and taking deposits without permits, involving over RM100mil. The conviction was by a Court of Appeal panel, led by Justice Mohtarudin Baki, that found earlier courts’ rulings were mistaken. During mitigation, lawyer Gooi Soon Seng requested a postponement to obtain a medical certificate as evidence of his clients' poor health. Genneva and its then directors Ng, Marcus, Chin and Liew were accused of money laundering at their offices at Menara Public Bank, 146, Jalan Ampang here between July 2008 and June 2009. They were also accused of illegally accepting public deposits at Jalan Kuchai Maju 6, Persimpangan Jalan Kuchai Lama here, between November 2008 and July 2009.

Source: The Star December 12, 2017 07:30 UTC