NG POH WENG'S DAUGHTER CHARGED WITH RECEIVING ILLEGAL PROCEEDS (INVESTORS' MONEY) AMOUNTING TO A WHOPPING RM931.7 MILLION (ALMOST 1 BILLION) - NG POH WENG SAPU HABIS!!!
KUALA LUMPUR (Oct 7): The daughter of Genneva Malaysia Berhad's former director today claimed trial to 82 counts of receiving illegal proceeds and transferring the monies to her company's account.
Ng Wan Yean, 29, was alleged to have transferred a whopping RM931.7 million from an RHB bank branch in Kuala Lumpur between January 2011 and August last year.
The sum was transferred to Ng Advantage Sdn Bhd's company account, where she is the director.
Her father, Datuk Ng Poh Weng had been charged with similar offences on Sept 27.
Poh Weng was among the six individuals who were claiming trial for 913 accounts of money laundering and 10 illegal deposit taking charges worth RM5.5 billion.
The Deputy Public Prosecutors for Bank Negara Malaysia (BNM) were Mardziatun Nisa Ahamadul Kabir and Nik Haslinie Hashim.
Wan Yean meanwhile was represented A S Dhaliwal and Devinder Kaur Dhaliwal.
Although Mardziatun said the offence was non-bailable, due to the amount involved, she urged the court to fix it at RM1 million and a surety, as well as for Wan Yean to hand over her travel documents if the court chose to fix bail.
Dhaliwal however argued that Wan Yean has paid RM80,000 in bail at the Shah Alam Court yesterday where she was charged for a similar offence and therefore the question of it being non-bailable did not arise.
Wan Yean, he went on, has been cooperative with the BNM authorities, is single and currently supported by the family.
"While the amount is large, she is innocent till proven guilty," he said, adding Wan Yean had to raise funds on her own to pay the bail.
Sessions Court Judge Mat Ghani Abdullah set bail at RM50,000.
He has also fixed Nov 27 for case management and April 7 to 24 next year for trial.
