Wednesday, July 22, 2009
Gold Investment Company
Be careful with gold investment company. Bank Negara is investigating some of these ompanies. Read the story below:
Bank Negara Malaysia Investigates Genneva Sdn Bhd and Etika Emas Estet Sdn Bhd
Bank Negara Malaysia has commenced investigations into Genneva Sdn Bhd and Etika Emas Estet Sdn Bhd under suspicion of conducting illegal deposit taking activities in breach of subsection 25(1) of the Banking and Financial Institutions Act 1989 (BAFIA).
The raids on Genneva Sdn Bhd and Etika Emas Estet Sdn Bhd were conducted today at their premises in Klang Valley following information received from members of the public.
Members of the public are reminded to be cautious of deposit taking schemes and investment schemes offered through various channels such as the internet, phone calls, or seminars conducted by individuals or companies that are not licensed or approved by the relevant authorities.
Members of the public may refer to the list of licensed institutions authorized to accept deposits which is available on Bank Negara Malaysia's website