mahathir speaks up on the issue

http://www.themalaysianinsider.com/malaysi...tors-says-dr-m/

“I don’t know what is wrong with the Genneva thing, they claim that they aren’t operating this pyramid scheme,” Dr Mahathir

pusing putar twist spin master 

https://www.facebook.com/notes/genneva-mala...299631276821437
Bank Negara invents a new "violation"

Bizarre, ludicrous, stupid, creative. None of these even begin to adequately describe the latest ‘genius’ of Bank Negara (BN). They have created a new violation of the law so that BN can act to prevent that violation and protect the public because nothing else negative appears to have surfaced.

So create a new violation: If a company is not profitable, it is a “serious crime” and therefore “we the BN must rush in and seize all the assets so that the public is protected and thus make sure that the directors cannot abscond with the assets.”

====

FYI Pat  Lu, you failed english? this post explained everything. but nice one, people kinda buy into it.

Task force good as gold

PETALING JAYA: The task force set up by the Government to regulate gold trading will protect the public.

The Gold Bullion Entrepreneurs Association of Malaysia secretary-general, Datuk Joseph Kow, supported the Government's move, saying it was timely to further promote the thriving industry.

Kow said the association understood that the Finance Ministry had formed a task force comprising representatives from Bank Negara, Securities Commission, Bursa Malaysia, Companies Commission of Malaysia and the Attorney-General's Chambers to look into the legal framework and mechanism to regulate gold trading to ensure the public's interests were adequately protected.

Kow said gold trading was not regulated in Malaysia.

“It is a good step towards protecting the interests of the general public and to mature the gold standards in Malaysia.

“As gold is a universally accepted currency, buying gold provides a safe haven to hedge against inflation,” he said.

He was responding to complaints from some members that their businesses were adversely affected following reports in the media highlighting companies that were put on Bank Negara's Consumer Alert List.

Bank Negara has put 77 companies on its alert list for various reasons, including operating without a licence and being involved in unauthorised or unapproved activities.

He said the Royal Malaysian Customs had also sent out letters confirming that monetary and non-monetary gold were exempted from import, export as well as sales and excise duties.

However, it was important for gold traders to observe the Anti-Money Laundering and Anti-Terrorism Financing Act, and Banking and Financial Institutions Act, he said.

Kow said the association organised quarterly talks to educate its 6,719 members on the two laws.

The association also holds talks and exhibitions to raise public awareness on the importance of gold to hedge against inflation.

He said gold was proven as a rising commodity, as the price had increased from US$280 (RM896) an ounce a decade ago, to the current US$1,600 (RM5,120) an ounce.

To educate the public further, the association wished to state that the retail price of gold usually hovered between 22% and 25% over the cost price, which covered various costs such as labour, operations and currency adjustment, he said.

VShan Raman Agreed Team....I have done the same....transfer out from CIMB and Maybank to HSBC

i strongly thinks he needs a doctor... plus, i still not sure he is chicken out to meet Mazlan for scared his company licensed in odd... or really someone told him not to.. hehehe
i wonder how old is he, if he is still at his 20s, 30s, even 40s, suck it up and start even need to declare bankrupt la, how many in the forbes top 400 bankrupted before...many of them! but if he is an uncle in his 50s.. and older.. hope he still has untouched retirement plan with his AIA. 

reliable source? got LYN stamped there wor

That's Andrew and the earlier post about where he works and his contact numbers are correct. He works as a mortgage consultant (glamour title), real title insurance agent, should be with ING, not sure if he snake off with AIA.

He will hogwash you with his theory of how to offset your housing loan with insurance cash value, but fail to mention the insurance premiums you pay can be better use to offset your loan interest.  Utter rubbish.

Yes, its CONFIRMED....Krishnamoorthy reported right. There was a meeting by the committee and BNM, although it was some weeks ago and the contents of Krish's posting is correct.

http://i.imgur.com/hjnm2.jpg

so now Casey is saying Krishna is pengkhianat = little nepoleon
and Krishna is not allowed to talk. huhuhu

Isn't it ironic that the meeting did took place and BNM spilled all these juicy info GMS never reported it and in GMS, they accused main stream media of being selective in choosing what to publish and what not to.
I believe there is a word for it - hypocrite.

all these people should be charged after the directors