PERSATUAN PENGGUNA ISLAM MALAYSIA

No. 70X Jalan Keramat Hujung, Bukit Keramat, 54000 Kuala Lumpur

No. Tel: 03-425 77 222 Faks: 03-4256 6617 Hotline: 019-359 1000 Laman Web : www.muslimconsumer.org.my

Siaran Media

1/8/12 - PPIM menerima beberapa aduan mengenai skim yang dilakukan oleh Genneva Malaysia Sdn Bhd beralamat di 11-1, Jalan 3/116D, Kuchai Entrepreneurs Park, Jalan Kuchai Lama, 58200 Kuala Lumpur yang mana syarikat terus mengisytiharkan melalui laman sesawang mereka www.genneva-malaysia.com bahawa perniagaan yang mereka lakukan adalah mengikut syariah sedangkan Muzakarah Jawatankuasa Fatwa Majlis Kebangsaan Ke-100 telah dengan jelas mengeluarkan fatwa bahawa Perlaburan Emas Genneva adalah haram dan tidak mengikut Syariah.

Kegiatan ini bukan sahaja melibatkan golongan biasa tapi juga melibatkan ramai pelabur VVIP, Yayasan dan syarikat-syarikat besar. Syarikat ini juga tersenarai sebagai syarikat yang tidak diiktiraf atau diluluskan di bawah peraturan dan undang-undang Bank Negara Malaysia. Maka PPIM menggesa satu siasatan menyeluruh dibuat terhadap syarikat ini yang telah mengutip dana dari orang ramai berjumlah lebih 5 billion ringgit dan ianya disyaki mengalir ke luar negara.

Sindiket penipuan terancang ini harus ditangani dengan segera kerana ia mampu mencetuskan pelbagai masalah ekonomi dan sosial yang teruk pada mangsa dan masyarakat. PPIM menyeru supaya semua pelabur yang terlibat dalam perlaburan haram ini segera menuntut semula wang perlaburan mereka

Sekian.

Check this out

http://www.aljazeera.com/business/2012/07/...3513872418.html

Bank also doing illegal thing behind woh!

How  now?

Better withdraw all you monies from them before kena frozen by BN loh.

Hello there, want to respond to my comment must use brain a bit lah.

Did I ever mentioned the word Genneva ??

Your mata got something wrong ah?

I think primary  school kids can write better than you man 

Papa,

You all are confirming here that Genneva is doing illegal business mah.

So I just continue from there and tell you that Bank ALSO doing illegal things mah.

I did not say whether Genneva is illegal or not leh !!

Paham tak??

You Inglish OK or not?

Talking to you makes me

OK Papa,

Your Inglish vely teror one loh.

You win alehdi loh.

Can tell me where you buy the sertifikate ah?

I ALSO want to buy leh.

ooh...sudah edit website...no more hibah

---

Added on August 7, 2012, 6:05 pmnonono

GENNEVA’s business model is based on the Syariah principle of “Al-Bai” (Sale and Purchase). To make the transaction more attractive, GENNEVA rewards its customers with discretionary payments pursuant to the Syariah principle of “Hibah.”

http://www.gennevaworld.com.my/?page_id=2

The other day we have this...
http://www.aljazeera.com/business/2012/07/...3513872418.html

Now got one more.....
http://www.aljazeera.com/news/americas/201...5518978631.html

How ??
Err.....is this how Banks generate income to pay you the few percent of interest per year ???!!!

Looks like banks are more into illegal business now....better withdraw all your money before they

Forex is illegal in msia too. But I am making quite a sum from forex.

Papa, you are getting too old aledy.

Banks are trusted, listed co, big paid up capital, decades of operation history eh?

What you talking ? BNM ownself is screwed up.
You so good in browsing internet and doing research mah can you explain this leh --- http://cgmalaysia.blogspot.com/2012/06/ban...ing-losses.html
http://malaysiansmustknowthetruth.blogspot...-no-wonder.html

RM30 billion scandal leh. How many pieces of gold can buy oh ??

Is it considered legally doing something illegal ah?


By the way are you "potong" aledy ah?
Why you worry whether they comply with the Fatwa or Syariah issue leh?
For non-muslim it is not an issue leh.
You cannot say not halal mah because it is not BAK KUT TEH oh.

One more thing.....BN did not mention Genneva is illegal. It just listed in their list of companies that consist of investment companies that are not licensed by them. That's all.
So how can a company which is registered to do trading be a licensed investment company.....of course not mah.
Understand  the contents first, don't simply jump to conclusion and say the wrong thing loh !!

Read this very carefully which is from their website  ----

Question: Does GENNEVA have a license from Bank Negara Malaysia or Securities Commission Malaysia?

Answer: No. GENNEVA is a gold trader, not an investment company and does not fall under the purview of Bank Negara Malaysia nor the Securities Commission Malaysia.

Nah, I'm lazy to enlighten him, since he worshiping genneva blindly.
Maybe he knew it, maybe he just pretending in order to earn commission, this is very common.

when critics criticise, a rational staff/investor try to explain rationally

when they appear overly defensive, take it personally...

...they blind already. Just like my friend dumping investing in a thing called APG REIT

I am just wondering people like Papa EddyLB, Guitar Player (Spidey) Accountant, etc, are they great and very experienced investors with investments touching millions in the share market or just someone who likes to yak on blog sites to show off their knowledge which they learn from friends, books, newspaper.
Or are they just scaremongers?

Remember this --- “If you’re not brave, you will always be poor.”

If Uncle Lim NEVER TOOK THE RISK to build Genting, because everyone thinks he is stupid to open a casino so high up in the mountain and people will ask which a#$ hole will go there, then he will not be what he is today and will still be riding bicycle today and his kids may be selling VCD instead !!

Hi icemanfx,

Answer: "Experienced and dynamic management team with more than 100 years of combined experience in gold trading, gold mining and marketing. No company shares their entire trade secrets with you unless they are suicidal." -- Point #6 at http://bit.ly/QMebqy 

And since you asked so politely I'll add on...

GENNEVA is here to stay long term. Here are some facts:

1. GENNEVA has seven branches and four representative offices in Malaysia and Affiliate Partners in five countries -- China, Hongkong, Indonesia, Singapore and The Philippines. (No other homegrown gold trader has that large a network.) -- Source: http://bit.ly/QfEIWG

2. GENNEVA has more than 50,000 customers (and growing) just in Malaysia. These satisfied customers are backed by over 6,000 committed consultants across the country. -- Source: http://bit.ly/OPePkb

3. GENNEVA boasts more than three Billion Ringgit sales turnover. -- Source: http://bit.ly/Thjn36

Be assured that my faith in GENNEVA is not misplaced. You are in safe hands.

Cheers and have a blessed GOLDEN day! 

Pat Lu, (012) 210 4898 or email: goldgoose.my@gmail.com
Senior Consultant @Work
with The World’s Most Innovative Gold Industry Leader
Member, Gold Bullion Entrepreneurs Association of Malaysia (Gold-BEAM)

if I AM NOT MISTOOKEN, they dont guarantee buyback anymore................

SO YOU are left with holding damned markup price of > 30% if they decied not to buyback   

http://www.gennevaworld.com.my/?page_id=103

HERE    NO GUARANTEE THEY BUY BACK
http://www.gennevaworld.com.my/?page_id=107

sEEMS THEY they change T & Cs faster than you can say  Supercalifragilisticexpialidocious! 

DISCRETION TO BUY AT MUTUALLY AGREED PRICE MEANS : YOu have been SUCKEred.......another 25 to 30% discount? 

Received sms from a friend today

"Just to let you know I called Bank Negara re: The Star highlighted 77 companies BLACK LISTED by Bank Negara, confirmed they never said black listed, just that they are not sanctioned by Bank Negara, that's all. Confirmed too, Genneva can conduct their gold trading business as long as not doing investment as trading is not under purview of Bank Negara. You may call 1300-88-5465. Press 2 for English and then press 6 for others".

Based on information received by BNM, below is the list of known companies and websites which are not authorised nor approved under the relevant laws and regulations administered by BNM

I think sengih's friend is right. They never use the word blacklist. They just mentioned not sanctioned.

How far does BNM has legal authority over genneva is still in question like what I asked in my previous post.

However if one has prove that genneva is indeed using "investment" as their soliciting act, then BNM and SC does have the authority to step in.

Tomorrow you just call this number 1300-88-5465. Press 2 for English, and listen with your own ears from the staff of BNM and ask them directly to clear your doubts lah.
Stop guessing from morning till night lah !!!

That's your personal opinion, that Genneva is lying, limited by your education or too much "education" a shame to the university you graduated from, for simply jumping into conclusion publicly without doing your homework. Or is this what your parents taught you to do?

Many companies came and gone; and left their clients stranded. GENNEVA management have shown they can ride any crisis even when the price of gold went down. 

Do your homework before slamming anyone. Thank you.

whats      ? 

Hmmmm.. the same few thick skulls talking the same KOK and BULL stories.

Sickening lah.

Why don't they go and ask BN if they can invest in the hardware shop near their house and see if BN will say "boleh invest kah ?"
Small kids can talk better than them lah.

If too many of these people start asking BN this kind of stuuuuuuuuuupid question, one fine day they have no choice but to list down this hardware shop under the 7777list of companies that are not licensed by BNM to take investment lah !!!!

Can they also tell what is the different between Islamic Banking and normal Banking ah?

Why you need Islamic Banking? Both also giving you interest mah.