Jobless woman charged with 19 counts of money laundering

SHAH ALAM - A 29-year-old jobless woman has been charged in a Sessions Court here with 19 counts of money laundering totalling RM1.1mil in connection with the gold investment company Genneva Malaysia Sdn Bhd.

Ng Wan Yean is accused of involvement in money laundering by receiving illegal gains from Genneva Malaysia and depositing the proceeds into CIMB Bank Bhd, Jalan PJU1/3F, Sunwaymas Commercial Centre in Petaling Jaya between July 18, 2011 and Aug 28, 2012.

She is the daughter of Genneva's business adviser Datuk Ng Poh Weng, 63, who has been charged with 155 counts of the similar offences. Ng pleaded not guilty to the charges.

Ng's sister Ng Wan Yee, 34, and brother Ng Yee Yaw, 32, faced similar charges last week in a Sessions Court here and in Kuala Lumpur.

DPP Mardziatun Nisa Ahmadul Kaber said the prosecution did not intend to offer bail as the case involved a serious crime.

"However, if the court decides to grant bail, the prosecution suggests it to be fixed at RM1mil," she said yesterday.

Lawyer A. S. Dhaliwal said his client was one of the directors of Ng Advantage Sdn Bhd (a subsidiary company linked to Genneva) but the company had been made "redundant" and Ng was currently unemployed.

"She is single and her family is supporting her. I ask for a reasonable bail of RM60,000," he said.

Judge Noradidah Ahmad Hakim allowed bail at RM80,000 with one surety and ordered the accused to surrender her passport.

The court also allowed the case to be transferred to the Kuala Lumpur Sessions Court to be tried together with other Genneva-related cases and fixed for mention on Oct 25.