Source from (The Star Online): http://thestar.com.my/news/story.asp?file=/2012/10/10/nation/12150295&sec=nation
Published: October 10, 2012
By CHRISTINA TAN
newsdesk@thestar.com.my
BATU PAHAT: Some 200 consultants and investors of gold trading firm Genneva Malaysia Sdn Bhd staged a protest and appealed to Bank Negara Malaysia to lift the freeze on the company.
Apparently, more than 2,000 investors and 200 consultants in Johor are affected by the raid.
Yesterday,
some of them held placards at the Genneva office here to show support
for the company and demand the authorities lift the freeze.
Genneva consultant Sharuddin Mohd Said, 56, said he had invested his entire savings to buy gold.
“I
have five family members to feed and I support my youngest child's
tertiary education in Surabaya, Indonesia,” he said at Wisma Sing Long
here yesterday.
A nurse Raziah Mohamad, 25, who is a senior
consultant, said Genneva was the only way to make her sister's dream of
becoming a doctor possible.
On Oct 1, the police, BNM, Companies
Commission of Malaysia and Domestic Trade, Cooperatives and Consumerism
Ministry jointly raided Genneva and its affiliates in the country for
various suspected offences.
Days later, three other companies, Pageantry Gold Bhd, Caesar Gold Sdn Bhd and Worldwide Far East Bhd, were also raided.
Meanwhile,
the Finance Ministry will ask BNM to provide an update on
investigations into Genneva and three other gold investment companies.
Deputy Finance Minister Datuk Donald Lim said this was necessary so that gold investors would be informed about the progress in investigations.
He said this at the 1MCA micro-credit cheque presentation at Petaling Jaya Selatan MCA office yesterday.
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