QUOTE(tandukperak @ Oct 9 2012, 05:57 PM)

gold purchase with 25% premium but came with monthly "gift" of 2% ( 24% annum)...which part of that the customers claimed that the monthly earnings help to support their family? They r their own paymaster wor. Got other interpretation meh?
i dont think you get what tandunperak is saying. he is saying the 2 percent is from their own money (their own paymaster). You are looking at only the 24 percent return. If genneva gave you 48 percent per year (4 percent per month) and a 50 percent premium mark up, you only look at that 48 percent? do not look see the mark up 50? If you answer say look only at the 48 percent, then you have no idea on what "unsustainable" means.

BNM has given enough warnings to the public, and put it on the watch list. And the buyers may even know it is risky. But they think they can come in and sell before the music stops.
BNM has every right to conduct the raid and investigate. The way you are talking is as if to leave genneva alone. Then what? let it go grow to 200,000 investors, and half lose their money?  you said  you would not be deeply affected if genneva close down or no gold or no money. So this show awaraness on your part on the musical chair. So let bnm leave genneva alone, and let investors play musical chair and see who are the winnner?

Give grace period before conducting raid? give time for genneva to transfer funds out. 

For the syariah bit, the majlis fatwa has come out a resolution saying genneva is not compliant and muslim investors to stay away. This part of claiming syariah compliant might breaking some laws already.