Apr 30 2011, 07:12 AM
QUOTE(PatEagle @ Apr 30 2011, 04:59 AM)
Oppps, replied you at http://forum.lowyat.net/topic/1771874/+320# - it would be more relevant here as it's related to the specific topic of discussion. Don't know how to move it here, so excuse me if I repost my entire reply here...
Believe it or not, I heard that the prosecutors couldn't find witnesses to charge the defendants for money-laundering. Look out for the next hearing date. All are invited to attend.
Meantime, please note that Genneva Sdn Bhd and Genneva Malaysia Sdn Bhd are two separate entities.
The directors of Genneva Sdn Bhd were under suspicion of conducting illegal deposit taking activities in breach of Banking and Financial Institutions Act 1989 (BAFIA) and Section 4(1) of Anti-Money Laundering and Anti-Terrorism Financing Act 2001 (AMLATFA) and were subsequently charged. However, all pleaded NOT GUILTY and claimed trial as seen at http://mygoldgoose.wordpress.com/2011/04/1...ectors-charged/
Genneva Malaysia Sdn Bhd has fulfilled all Bank Negara’s requirements as a scheduled Institution under Section 21(1) of the Banking and Financial Institution Act, 1989 (BAFIA); and classified under First Schedule of Anti-Money Laundering and Anti-Terrorism Financing Act, 2001(AMLA) as a “Reporting Institution”.
In addition, GMSB's gold products are Syariah compliant; policy governed by the Syariah Committee.
Just reread the following articles at Genneva Directors Charged
The Star article, Thursday March 17, 2011: Trio claim trial to charge of illegal deposit-taking
The Star, Friday October 15, 2010: Four hit with 796 charges
And under Geneva Sdn Bhd, 21 July 2009 at http://www.bnm.gov.my/microsites/fraudalert/0301_status.htm
With 707 counts of money laundering and 796 charges...
1. Don't you find it odd the prosecutors can't find witnesses since they have all the relevant documents?
2. Where are the witnesses, the members of the public who complained? Could they be competitors?
Added on April 30, 2011, 4:43 amBTW, I had the pleasure of meeting Genneva Founding Member Dato' Ng Poh Weng on many occasions. Someone who is most unassuming, humble and helpful. I respect him very much.
FYI, Dato' Ng was ex-Poh Kong co-founder with more than 50 years of knowledge and experience in the gold industry; started in the gold industry with family who owns a gold factory equipped with manufacturing, retailing and refining gold... hence my confidence in investing in Genneva Gold and would recommend it to everyone based on my first-hand experience dealing with Dato Ng and his dedicated and committed management team.
ur going to lose all ur money...Believe it or not, I heard that the prosecutors couldn't find witnesses to charge the defendants for money-laundering. Look out for the next hearing date. All are invited to attend.
Meantime, please note that Genneva Sdn Bhd and Genneva Malaysia Sdn Bhd are two separate entities.
The directors of Genneva Sdn Bhd were under suspicion of conducting illegal deposit taking activities in breach of Banking and Financial Institutions Act 1989 (BAFIA) and Section 4(1) of Anti-Money Laundering and Anti-Terrorism Financing Act 2001 (AMLATFA) and were subsequently charged. However, all pleaded NOT GUILTY and claimed trial as seen at http://mygoldgoose.wordpress.com/2011/04/1...ectors-charged/
Genneva Malaysia Sdn Bhd has fulfilled all Bank Negara’s requirements as a scheduled Institution under Section 21(1) of the Banking and Financial Institution Act, 1989 (BAFIA); and classified under First Schedule of Anti-Money Laundering and Anti-Terrorism Financing Act, 2001(AMLA) as a “Reporting Institution”.
In addition, GMSB's gold products are Syariah compliant; policy governed by the Syariah Committee.
Just reread the following articles at Genneva Directors Charged
The Star article, Thursday March 17, 2011: Trio claim trial to charge of illegal deposit-taking
The Star, Friday October 15, 2010: Four hit with 796 charges
And under Geneva Sdn Bhd, 21 July 2009 at http://www.bnm.gov.my/microsites/fraudalert/0301_status.htm
With 707 counts of money laundering and 796 charges...
1. Don't you find it odd the prosecutors can't find witnesses since they have all the relevant documents?
2. Where are the witnesses, the members of the public who complained? Could they be competitors?
Added on April 30, 2011, 4:43 amBTW, I had the pleasure of meeting Genneva Founding Member Dato' Ng Poh Weng on many occasions. Someone who is most unassuming, humble and helpful. I respect him very much.
FYI, Dato' Ng was ex-Poh Kong co-founder with more than 50 years of knowledge and experience in the gold industry; started in the gold industry with family who owns a gold factory equipped with manufacturing, retailing and refining gold... hence my confidence in investing in Genneva Gold and would recommend it to everyone based on my first-hand experience dealing with Dato Ng and his dedicated and committed management team.
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