Caught this from another forum

After the non compliance decree by The FATWA Committee of the National Council of Islamic Religious Affairs ,
apparently
http://www.martinlee.sg/genneva-gold/comme...ge-14/#comments

Don't waste your time here. Ask the bank, Bill Gates, Apple, Sony how they make money and show you how it is done....please don't ask idiotic questions.

All posts in this forum doesn't tell me anything, just wild guess, rumour mongering, tale bearing, teh tarik talk! Just all that kind of low level thinking. No facts, no figures, cos all never bother to do homework, check out the company, go to their gold talks etc..... even calculation is wrong.

I starting to waste time here.....!!!

Do your homework before yakking nonsense.

I have nothing against Genneva even tho I don't invest in them but I find that the teh tarik talk here is rather entertaining. You don't have to take them seriously. They are just a bunch of clowns. I think this thread is more suitable at Kopitiam.

They can give you their secret of their earnings model.

ALL they can  say for now is that its INNOVATION!     

Perlaburan Emas Syarikat Genneva Malaysia Sdn Bhd Tidak Sah
http://www.bernama.com.my/bernama/v6/bm/ne...l.php?id=679876


KUALA LUMPUR, 11 Julai (Bernama) -- Transaksi jual beli dan pelaburan emas Syarikat Genneva Malaysia Sdn Bhd didapati tidak mematuhi sepenuhnya peraturan hukum syarak dan undang-undang negara.

Ini disahkan oleh Pengerusi Muzakarah Jawatankuasa Fatwa Majlis Kebangsaan bagi Hal Ehwal Agama Islam Malaysia, Prof Emeritus Tan Sri Abdul Shukor Husin dalam satu kenyataan dikeluarkan di sini Rabu.

Beliau berkata muzakarah tiga hari majlis itu bermula Rabu lepas meneliti laporan dan hasil siasatan Bank Negara Malaysia terhadap operasi jual beli dan pelaburan emas syarikat itu.

Katanya, operasi syarikat tersebut didapati tidak mematuhi sepenuhnya Parameter Pelaburan Emas seperti diperakukan oleh Muzakarah Jawatankuasa Fatwa Majlis Kebangsaan bagi Hal Ehwal Agama Islam Malaysia kali ke-96 yang diadakan pada 13 hingga 15 Jun lepas.

Kenyataan itu menasihati umat Islam tidak melibatkan diri dalam aktiviti atau transaksi jual beli dan pelaburan emas oleh mana-mana pihak, sama ada syarikat di dalam negara atau luar negara yang bertentangan dengan prinsip jual beli emas seperti yang digariskan oleh syarak dan undang-undang negara.

-- BERNAMA

Most banks do not have physical gold as well............. 

Where did you get this?

Any link?  Thanks

---

Added on July 31, 2012, 1:38 pm
Actually they do. Only part of.....Thats the deposits where they do fractional banking.
Where they book as liability and lend out up to approx 10 x the amount! 

All dirty derivatives...i speculate thats the same woth gold.....only hold part of.  

i think thats why most banks do not entertain delievry of the physical gold.

From March until today, I can see all the rubbish comments posted in this forum.
No one seems to understand the business model.
First of all it is not an investment scheme, therefore has nothing to do with BN approval. It is not taking any form of deposits.

It is just a gold smith shop that sells you gold and give you a discount which is given back to you not at the time of purchase but spread over a few months.

Just imagine you are buying a gold ring from Poh Kong or other gold smith shop and they give you a discount. The discounted amount is given back to you spread across a few months. That's all !!

You call this a scam or illegal??

Come on .... go to the shop and sit down there and see for yourself.
Don't just sit in front of your PC and start googling here and there to find negative remarks like what you can see in this forum. There are lots of cyber troopers out there who are working for other competitors to write negative remarks because of jealousy seeing the business growing so quickly.

Do you know that there are quite a few more companies doing the same thing but their names do not appear anywhere and you guys have not heard of them before and cannot even google their company name?

For the commenter "lunchtime" who screams that the company is still owing his wife some outstanding amount from his previous purchase when the company was raided by BN, why can't he just pay a visit to the office at Kuchai Lama and look for the owner who sits at the top floor everyday? He will be glad to see you and settle the problem because he is not hiding somewhere where you cannot find him !!

Unless of course you are just a cyber trooper trying to tarnish the image of the company !

If you go to court guarantee you loose one!

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Added on August 4, 2012, 10:14 amGo visit these websites.

Don't tell me the Government's Ministry of  Human Resource also supports this scam huh?

Don't tell me Rosmah also fully supports the scam huh?
Then you need to tell the PM about it lah !!

http://www.mohr.gov.my/pdf/genneva_square.pdf

http://www.pmo.gov.my/datinrosmah/?dsr=pho...id=view&num=580

Hello, you think I am blind like you ah?
Of course I know the news are dated when.

What I trying to tell you is can a scam company continue scaming from day one when BN raided till now with court cases still ongoing and still operating and expanding everyday with Rosmah also involved?
The FLOM photos are from the official Prime Minister Office website......you mean the PM website is also bullshit and scam?
That is why people like you "thinks" that you know a lot and are doing a great job by looking at websites only and listening to rumours only.
Do you know that there are high profile people trying create a scene and make it appear in the papers, etc?
You don't know isn't it ..........well too bad......you have got limited resources then.
Go and do some more homework.

All the bosses would have been shot dead by now since they are also operating in China...... but how come the business is booming like mad there??

Why Singapore Govt. never arrest the bosses since they are also operating there openly??

By the way nobody including me is asking you to dump in your precious money on this. So don't get too exited. I am just trying to open up you people's eyes to see a bigger picture.
There are many things going on behind the scene which you all do know of and will never know just by reading BN or any other websites.

Hello Son, whether it is positive or negative news, I don't care a damn.

Terror people like yourself should be aware that everything under the sun is controlled by you know who.
So don't talk stupid things like sueing.

What I cannot tahan is that there are lots of people wasting all their precious waking time sitting in front of the PC and blogging, chatting non-stop whole day long trying to tell people how much and what they hear, read and know.

Although some info is true but there are lots of info that normal people cannot access unless you have got people inside.

So while you are still alive and healthy go and do something useful lah like cut your house grass, wash your car, mob the house, paint the house, help your wife to cook, play with your kids, etc.

I don't understand you people lah.

Your minds are all blocked and cannot take in information.

This company is NOT an investment company.
Your are not investing your money in the company.
That is why it is listed in BN list of non-approved investment company. In the first place how can a company which is NOT an investment company be approved as a investment company by BN??

This company is just a GOLD TRADING company. It buys and sells gold. Therefore it has got nothing to do with BN.
There are lots of IDIOTS out there who keep on spreading info that this is an investment.

You just go to the shop and buy PHYSICAL gold and keep it any where you want...maybe under your pillow because it is your property.
That's all.

It is not like investing in online gold where you can only see your account number and if the company close shop you are left with nothing.

Ya loh!

Me the dumb a@!^ also says "The Banks use your cash to roll loh" -- 

Both sides also got story to tell, so who do you believe?