Wednesday, October 10, 2012

Bank Negara tells investors to be wary of ‘attractive’ opportunities

PETALING JAYA: The assets and the accounts seized from the joint raids on several gold investment companies in Kuala Lumpur have been frozen for investigations, said Bank Negara Malaysia.

Source from (The Star Online): http://thestar.com.my/news/story.asp?file=/2012/10/9/nation/12145313&sec=nation
Published: October 09, 2012

The central bank assured investors that the probe into Genneva Malaysia Sdn Bhd, Pageantry Gold Bhd, Caesar Gold Sdn Bhd and Worldwide Far East Bhd were being expedited and advised the public to be cautious of “seeming-ly attractive” business opportunities.

“The Royal Malaysian Police, Bank Negara Malaysia, Domestic Trade, Cooperatives and Consumerism Ministry and Companies Commission of Malaysia are mobilising the necessary resources to expedite investigations,” it said yesterday.

“The assets and accounts are preserved for the purpose of facilitating investigations into the suspected offences and to protect the interest of the investors.”

“Any enforcement action by the relevant authorities on unregulated financial and investment schemes is carried out to protect the public from risking their hard-earned money.

“Be cautious of investment schemes that promise high returns over a short period of time with an arrangement that guarantees the return of the principal amount invested,” it added.

The public are urged to contact Bank Negara's customer contact centre at 1-300-88-5465 or fax to 03-2174 1515 for further information.

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