KUALA LUMPUR, Sept 30 — Seven more people and a company were slapped with over 300 counts of money laundering charges at the Sessions Court here and in Ipoh, three days after government prosecutors hauled up six former bosses of Genneva Malaysia Sdn Bhd on a dubious gold trading scheme worth over RM5 billion.

Ng Wan Yee, 34, Ng Yee Yaw, 32, Chiew Soo Ling, 49, Alex Yew Soo Hun, 37, Tony Yao Kee Boon, 52, and Ng Advantage Sdn Bhd were accused of having received illegal proceeds valued at RM937 million from Genneva Malaysia and transferred the monies to personal and company accounts that had dealings with the gold investment company, The Star Online reported.

Wan Yee and Yee Yaw are reportedly the children of Genneva Malaysia’s former business adviser Ng Poh Weng, 63, who was charged last Friday with 157 counts money laundering.

The two Ng siblings were also reported to be the directors of Ng Advantage, a subsidiary of Genneva Malaysia.

Ng Advantage, Wan Yee and Yee Yaw were each hit with 82 counts of money laundering charges while Chiew was slapped with 26.

According to The Star, Chiew is the wife of Genneva Malaysia director Datuk Philip Lim Jit Meng, 56, who had been hauled up separately last week for allegedly making a false statement, illegal deposit-taking and money laundering.

Yew and Yao were each prosecuted on three and two counts of money laundering respectively.

The offences were said to have been committed at various banks between early 2011 and late last year, the news portal reported.

All five claimed trial.

Kuala Lumpur Sessions Court judge Mat Ghani Abdullah fixed November 27 for case management and set bail at RM100,000 on Wan Yee and Yee Yaw in two sureties, RM20,000 for Yew and Yao, and RM50,000 for Chiew in one surety.

The judge allowed all five to post their bail by Wednesday at 10am after ordering their passports impounded.

At the Ipoh Sessions Court, prosecutors hit two more people with 31 counts of money laundering involving a sum worth over RM764,000 under Section 4 (1) (a) of the Anti-Money Laundering and Anti-Terrorism Financing Act 2001.

Both businessman Lim Kah Heng, 42 and housewife Lee Mei Jen, 34 were claimed trial.

Lim faces 28 charges of having received money amounting to RM367,200 through his personal bank account as well as through the accounts of his two companies, Visiotec Marketing and Buycomm Network.

The Star Online reported that some of it had been funnelled illegally from the Genneva Malaysia banking account.

The offences were committed at two different banks in Ipoh between April 23, 2011 and August 27 last year.

Lee faces three charges of having received money totalling RM196,800 that were funnelled illegally at a bank in Bercham, Perak.

The housewife was also accused of having cash worth RM200,000 and 4kg of gold bars in her safe deposit box at another bank in Bercham.

Lim was allowed bail at RM100,000 in two sureties while the judge fixed Lee’s bail at RM20,000 in one surety after ordering them to surrender their passports.

Their case is to be transferred to the Kuala Lumpur Sessions Court with the mention date fixed for October 27.

The Kuala Lumpur Sessions Court acquitted Genneva Sdn Bhd directors Ng Poh Weng, Datuk Marcus Yee Yuen Seng, Datuk Chin Wai Leong, and former director Liew Chee Wah last May of money-laundering and illegal deposit-taking charges, ruling that they had carried out a genuine gold trading business.

Bank Negara Malaysia (BNM) said in response that it would appeal against the ruling, saying that investigations against Genneva had been taken after the bank received complaints from the public.

BNM also noted that Genneva Sdn Bhd and Genneva Malaysia Sdn Bhd are separate entities.

The central bank raided Genneva four years ago over a dubious gold trading scheme. Genneva Malaysia and its affiliates were similarly raided last October.

BNM had frozen Genneva Malaysia’s cheques, accounts and other assets worth RM99.8 million in cash, as well as seizing 126kg in gold bullion, based on suspicions that the company had broken several banking and financial laws, such as money-laundering, taking deposits without giving gold in return, appointing agents without license, evading taxes, failing to file statutory documents, giving false descriptions on its business, and misrepresenting itself as an investment firm.

Last December, nine investors sued Genneva Malaysia and four of its directors - Tengku Muhaini Sultan Ahmad Shah, Philip Lim Jit Meng, Ahmad Khairuddin Ilias and Tan Lian Keng - in an attempt to recover RM2 million in investments.

They claimed that the company had committed fraud and misrepresented the gold scheme as complying with syariah law.

Malaysia does not regulate the gold trading business.