Genneva investors look to MCA dept for help

PETALING JAYA: Investors of Genneva Malaysia Sdn Bhd are seeking the help of the MCA Public Services and Complaints Department and a consumer association to get them out of the predicament they are currently in.

Source from (The Star Online): http://thestar.com.my/news/story.asp?file=/2012/10/9/nation/12145312&sec=nation
Published: October 09, 2012

Department head Datuk Seri Michael Chong said they wanted to know how they could get their money back following the freeze on the gold trading firm's accounts after a raid by the authorities.
“I have advised them to be patient and wait until investigations are completed,” he said.

On Oct 1, the police, Bank Negara Malaysia, Companies Commission of Malaysia and Domestic Trade, Cooperatives and Consumerism Ministry jointly conducted a raid on Genneva over several offences.

Days later, three other companies Pageantry Gold Bhd, Caesar Gold Sdn Bhd and Worldwide Far East Bhd were raided as well.
The firms were under the central bank's list of companies and websites that were not authorised or approved under relevant laws and regulations.

Muslim Consumers Association of Malaysia secretary-general Datuk Dr Ma'amor Osman said the investors had also approached him for advice on the next course of action.
“Some accused us of having a hand in the freezing of Genneva's account.”