Update on joint raids conducted by enforcement agencies on companies suspected of conducting illegal investment schemes using gold

The Attorney General’s Chambers, the Royal Malaysia Police and Bank Negara Malaysia, would like to provide the following update on the recent raids against companies suspected of operating illegal investment schemes using gold.

These raids were conducted in the interest of protecting the investors as well as the public at large from falling victim to illegal schemes.

Based on surveillance and examination conducted on these companies, it has been discovered that these companies are operating schemes that are believed to be not sustainable to provide the promised high monthly returns, nor would they be able to provide the buy back guarantee of gold. Such schemes are not sustainable because the returns promised are not funded through gold trading, but from the monies invested into such schemes. The investigations have also revealed that the amount of assets and monies held by these companies do not commensurate with the amount collected from their investors.

Prior to the joint raids, it has been noticed that these companies have delayed in returning gold or money to the investors within the stipulated time as promised. Such signs are early warning indications prior to the collapse of such schemes that would result in significant losses to investors.

For more information, members of the public may contact the following:

BNMTELELINK (Customer Contact Centre)
Tel: 1-300-88-5465
Fax: (03)2174 1515



The Attorney General’s Chambers of Malaysia
The Royal Malaysia Police
Bank Negara Malaysia

Bank Negara Malaysia
10 October 2012



SOS

This post has been edited by coolpeople: Oct 10 2012, 11:04 PM

I was right all along.

Sidenote: damnit, that pray heaven/hell thread was deleted before I could save my last post. It could have been a M. Night Shayamalanadnamsnd movie plot!

This post has been edited by ray123: Oct 10 2012, 11:10 PM

calling genneva troopers to come in and defend

ini semua fitnah
oh wai-

i tot bnm syariah head approved genneva?

no shit.

so legally closed down now? the investor how? can get back their money?

Dr M never blog about his previous appearances as a supporter to Genneva?

BNM jeles because this is revolutionary blue-ocean matrix investment

He forgets the bad things and only remembers beneficial ones, like how Ling Liong Sik is a good guy and impossible for him to have tricked the Cabinet.

Those who got the goldbars can still recuperate some of the losses. Those who don't however....

the gold and money leh? who get ?

probably wash to swiss bank edy kot

This is not true, we will protect our investors interest

The new company gets it la.

bank in geneva (sic)

Don worry, later biro pengaduan awam umno > BNM, genneva reopened, money will be returned to investors and consultants, najib say uhelpme,ihelpchu. BN win election sapu99% parliament seats.

what new company?

Things human will do for money.

Finally lol. Those saporkter can gtfo..