Wednesday, October 31, 2012

Bank Negara Expediting Investigations Into Genneva Malaysia

KUALA LUMPUR, Oct 30 (Bernama) -- Bank Negara Malaysia is expediting investigations into gold trading company, Genneva Malaysia Sdn Bhd, in order to come to an early conclusion.

Source from (Bernama): http://www.bernama.com/bernama/v6/newsbusiness.php?id=705617
Published: October 31, 2012

"We are expediting all investigations so that we will come to an early conclusion.

"We know that there are many anxious depositors and investors and so we will expedite it as fast as we can," Bank Negara Governor Tan Sri Dr Zeti Akhtar Aziz told reporters on the sidelines of the 26th East Asian Insurance Congress.

On Oct 1, the police, Bank Negara, Companies Commission of Malaysia and Domestic Trade, Cooperatives and Con-sumerism Ministry jointly conducted a raid on Genneva and its affiliates in the country for various suspected offences.

Three other companies, Pageantry Gold Bhd, Caesar Gold Sdn Bhd and Worldwide Far East Bhd, were also raided.

-- BERNAMA

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