Directors face 796 charges of money laundering

By Christine Duhaime | October 16th, 2010

According to the Malaysian Star newspaper, four directors of Genneva Sdn Bhd, a Malaysian corporation with operations in Malaysia, China, Hong Kong and Singapore, were charged this week with 796 counts of money laundering in Malaysia. The directors - Ng Poh Weng, Marcus Yee Yuen Seng, Chin Wai Leong and Liew Chee Wah are alleged to have laundered over $189 million at one bank over the course of two years. Genneva is a gold bullion trading company.

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