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KUALA LUMPUR: Genneva Malaysia Sdn Bhd consultant Datuk Joseph Kow Hock Beng remains a free man after a High Court here upheld his acquittal.
A Sessions Court had acquitted him of two counts of abetting Genneva Malaysia into accepting deposits from the public amounting to RM5.5bil five years ago.
Judicial Commissioner Shariff Abu Samah said in his decision that the Sessions Court did not err in its decision to discharge and acquit Kow.
The court also said there was no merit in the prosecution’s appeal against the lower court’s decision.
On April 28 last year, Kow was accused of accepting the deposit from the public via two CIMB Islamic Bank Berhad current accounts without valid license under Subsection 6(4) of the Banking and Financial Institutions Act 1989 (Act 372) through a scheme involving gold transaction.
The offence for accepting the deposits without valid license was committed as a result of his abetment.
Kow allegedly committed the offences at Jalan Kuchai Maju 6, Off Jalan Kuchai Lama here between Jan 10, 2011 and Oct 1, 2012.
He was charged under Section 112(1)(c) of the same Act read together with Section 25(1) also of the same Act.
DPP Fatnin Yusof appeared for the prosecution while the defendant was represented by lawyer Datuk Nicholas Kow.
Kow declined to comment when approached by reporters.
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