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 Boss Venture

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mansonloo
post Apr 24 2014, 06:21 PM

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QUOTE(Showtime747 @ Apr 23 2014, 06:01 PM)
If it will sustain, it should be a legitimate business. Then you should get the company to sue Bank Negara for tarnishing the good name of the company. Get the best lawyer. That should do the trick to BNM. If BNM still doesn't budge, make noise in newspaper and online, get all customers and agents to protest in front of bank negara, camp there and make a scene. Until Bank Negara take down the company's name in blacklist.

Taking legal action is what a normal company will do. If the company give excuses and avoid legal actions, then it should have already rung a bell and raised a big red flag to you

Ah....again I think I am wasting my time here. You are the agent and intend to continue earning the commission, so you will shut your mind off to any adverse comment about the company  tongue.gif
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It is not easy to take action against BNM. In Geneva's case, hundreds of their agents and customers wanted to sue BNM, but no lawyer dare to take their case. The lawyers just told them, it would be a lost case. This being BNM is somewhat governed by the government and hence, how can someone sue the government within the country's constitution? I'm not attached to Geneva in anyway but I did know the internal news from both Geneva and BNM on this Geneva story.

In a nutshell, this is Malaysia. The grey area does exist here.

This post has been edited by mansonloo: Apr 24 2014, 06:23 PM
mansonloo
post Apr 25 2014, 12:20 AM

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QUOTE(Showtime747 @ Apr 24 2014, 07:08 PM)
Bank Negara warned the "investors" of Genneva and in the end people have been burnt in Genneva case. Now Bank Negara also warned "investors" of Boss Venture. Still no scared ?
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Dont get me wrong, but I'm not defending neither Geneva nor BossVenture.

I believed whichever company is under BNM's watchlist will definitely end up in either of these 2 scenarios; 1. The owners of the company, will pack up and abandon company once they have collected enough "funds", or 2. BNM will step up and close down the company, freezing all assets and what not.

There have been many cases of the latter which the public are unaware of. Geneva made it into the headline only because it was too big and too many was involved, thus, the "need" to publish it as a major headliner news to appease the public.

Anyway, I'll give it few more months before we hear about fate of BossVenture.
Good luck to those involved in it!

This post has been edited by mansonloo: Apr 25 2014, 12:21 AM
mansonloo
post Apr 25 2014, 12:32 AM

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QUOTE(Showtime747 @ Apr 24 2014, 07:08 PM)
Bank Negara warned the "investors" of Genneva and in the end people have been burnt in Genneva case. Now Bank Negara also warned "investors" of Boss Venture. Still no scared ?
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On a sidenote, I would like to add that BNM just added Geneva (M) Sdn Bhd to the watchlist, merely months (I believed it is somewhere between 3-5 months) prior to the raid. And BNM actually raided the same business, called Geneva Sdn Bhd, 3 years ago, on the basis of money laundering. Yes, that's 2 different company NAME but ran by the same management. Geneva (M) S/B started operation a few months after Geneva S/B was raided.

That is exactly why the public were so angered about why BNM didn't do something about Geneva (M) S/B since 3 years ago. Surely BNM knows about its existence then.

And the one you heard in the news about the court hearing, (1 month after Geneva (M) was raided), is actually Geneva S/B. The first one that was raided 3 years ago, not the recent one.

Funny eh?
mansonloo
post Apr 25 2014, 01:38 PM

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QUOTE(Showtime747 @ Apr 25 2014, 10:01 AM)
Yes, funny to me too.

But I guess those who loss money in Genneva didn't find it funny at all. And the BV customers will not find it funny too when BNM raid the company  tongue.gif
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Yeah! LOL biggrin.gif

The Bosses of BV will definitely pack up soon and cabut!

I've checked their website, they claim to be a company from Samoa Island. But further checks on bossventure.com and bvmalls.com showed that both are registered under Mr. Richard Lim. I assumed he's a Malaysian but setup a company overseas so that he can transfer all the millions into the bank account there, where Malaysian government has no authority to freeze it!

He's already made his getaway batmobile plan even before he started the business! Genius!
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