Wednesday, October 10, 2012

Investors Have Right To Lodge Reports Against Gold Traders For Suspected Offences

Source from (Bernama): http://www.bernama.com/bernama/v6/newsbusiness.php?id=700306

Published: October 09, 2012

KUALA LUMPUR, Oct 8 (Bernama) -- Investors have a right to lodge reports with the authorities, including Bank Negara Malaysia, against companies trading in gold on concerns over suspected offences.

"If they have a concern (on suspected offenses), it is their responsibility to lodge a report with the appropriate authority to protect themselves," said Bank Negara Assistant Governor, Abu Hassan Alshari Yahaya here today.

He was speaking to reporters after the launch of the "Prudent Finance Month 2012".

The central bank and related authorities had raided four companies involved in the gold trading business on suspected offenses, including illegal deposit-taking, money laundering, tax evasion and avoidance and false description.

The gold trading firms were namely, Genneva Malaysia Sdn Bhd, Pageantry Gold Bhd, Caesar Gold Sdn Bhd and Worldwide Far East Bhd.

-- BERNAMA

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