One of the top scams in Malaysia is gold investment. Details provided by BNM.

The companies in this gold scam that went bust are Bestino and Public Gold ( not in anyway related to Public Bank ). Many police reports have been lodged against these two and BEstino directors are now being charged in court.

Some investors luckily are still left with the gold bars but some unlucky ones did not get any during the exchange period where money was paid but the gold bar needed few days to process. So when the companies gone bust their monies also gone with the wind and no gold bars as well.

If really interested to invest do not throw all the eggs into 1 basket or get multiple personal loans to invest in it. Too risky. bNM and SC can also anytime freeze their bank accounts and hence you will not be able to receive any dividend.

Just be careful.