KUALA LUMPUR, Oct 31 (Bernama) -- Some 35,000 investors with total
investments clinching RM10 billion were found to be involved with the
gold bullion investment company, Genneva Malaysia Sdn Bhd (Genneva
Malaysia), a deputy minister told the Dewan Rakyat today.
Source from (Bernama): http://www.bernama.com/bernama/v6/newsgeneral.php?id=705845
Published: November 01, 2012
Source from (The Sun Daily): http://www.thesundaily.my/news/529685
Published: November 01, 2012
Deputy Finance Minister Datuk Dr Awang Adek Hussin said based on the
information received thus far, total investments received amounted to
RM4 billion and could swell to RM10 billion.
He said Bank Negara Malaysia needs time to investigate the case based
on two considerations deemed necessary to solve the controversy over the
gold bar trading scheme.
"Firstly, Genneva Malaysia has been "disguising" behind the gold bar
business. Gold is a sentimental attraction. Many people are keen on gold
regardless of their background including leaders.
"They (the investors) feel this is a genuine business. Secondly, Bank
Negara has to study the situation. The central bank cannot raid straight
away. For instance, if Bank Negara conducts a raid today and starts a
probe, the central bank is also scolded at, because of their raid,
investors lose their returns.
-- BERNAMA
No comments:
Post a Comment