Director faces 82 more counts of money laundering

Director faces 82 more counts of money laundering

KUALA LUMPUR - A 29-year-old company director was slapped with an additional 82 counts of money laundering involving RM931.7 million (S$364 million).

Ng Wan Yean, director of Ng Advantage Sdn Bhd, claimed trial to all charges in connection to the gold investment company Genneva Malaysia Sdn Bhd. She is the daughter of Genneva business adviser, Datuk Ng Poh Weng, who was charged with 155 counts of money laundering last month.

Wan Yean is alleged to have received illegal proceeds through Genneva's CIMB Islamic Bank Bhd accounts and transferred them into Ng's Advantage's RHB Bank Bhd accounts.

She was said to have committed the offences at RHB Bank Bhd here between January 2011 and August last year.

DPP Mardziatun Nisa Ahamadul Kabir applied to the court to deny her bail on the grounds that the case was serious and involved public interest. She further argued that even if bail was granted, it should be at RM1mil in one surety.

Pleading for lower bail, Wan Yean's lead counsel A.S. Dhaliwal said his client had already been charged at the Shah Alam court on Monday for 19 counts of money laundering and released on a RM80,000 bail.

Dhaliwal, assisted by co-counsel Devinder Kaur, said the company was not in operation any more, and that she has no other source of income to raise a high bail.

"The court can impose any other restrictions on her movement," Dhaliwal said, adding that his client has cooperated with the authorities and appeared at the court earlier than him to face her charges.

Sessions Court judge Mat Ghani Abdullah allowed bail at RM50,000 in one surety, and granted her application for joint-trial for similar cases, before fixing Nov 27 for case management.

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