No bail or stay for Genneva directors who laundered RM200 million

FOUR ex-directors of gold investment firm Genneva Sdn Bhd have failed to obtain bail and a stay for their eight-year jail sentence for money laundering and receiving over RM200 million in unlicensed deposits, The Star reported.

Ng Poh Weng, 67, Marcus Yee Yuen Seng, 65, Chin Wai Leong, 41, and Liew Chee Wah, 63, saw their third bail application thrown out along with the application to stay their sentence pending a review. In addition to the jail sentence, the men were fined RM1 million each.

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