KUALA LUMPUR : A former company director from controversial gold investment company Genneva Malaysia Sdn Bhd claimed trial at the Sessions Court here today after he was slapped with two counts of illegal deposit-taking involving an alleged sum of RM5.5 billion.
The accused Ahmad Khairuddin Ilias, 56, was charged with receiving deposits from the public without a licence via a scheme involving gold transactions at CIMB Islamic Bank Bhd, Jalan Kuchai Lama, between Jan 10, 2011, and Oct 1, 2012.
He was also charged with committing the offence again at the same place between Sept 22, 2011 and Oct 1, 2012.
Bank Negara Malaysia prosecuting officer Fahmi Abd Moin did not offer bail stating it was a non-bailable offence.
"However, if the court wishes to grant bail, I propose RM1 million with one surety and for his passport to be surrendered to court."
Judge Mat Ghani Abdullah allowed bail at RM500,000 for both charges. He also ordered the accused to surrender his passport.
According to Fahmi, 10 companies and 16 individuals including the accused, related to Genneva Malaysia, have been charged in court.
As such, Mat Ghani allowed the prosecution's application for joint case management and fixed the date for Feb 20.
Counsel Mohd Hairani Samsi represented Ahmad Khairuddin.
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