However, they have to satisfy five criteria under Section 61 of the anti-money laundering law, says Fahmi Abdul Moin.
Genneva, which has been wound up, was fined RM2 million for receiving deposits from the public without a licence.
However, he said the investors must show proof that they are genuine third parties since Bank Negara Malaysia had seized the movable and immovable properties of Genneva Sdn Bhd for unlawful commercial activities. Fahmi said this in response to the Court of Appeal which last week dismissed an application to set aside the conviction and sentence of four former Genneva directors for money laundering and illegal deposit-taking involving more than RM100 million.
Genneva, which has been wound up, was also fined RM2 million for receiving deposits from the public without a licence.Fahmi, who is a former deputy public prosecutor with BNM, said the central bank will gazette Genneva’s assets and inform any person who has legitimate interests in the property to come to the Sessions Court.“If there is no claim, all properties will be forfeited by the government under Section 55 of the anti-money laundering law,” he added.
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