Month: October 2012

BNM raids three more gold trading firms

NewsBNM raids three more gold trading firmsCaesar Gold Sdn Bhdgold trading firmPageantry Gold Bhdraid gold trading firmsWorldwide Far East Bhd

KUALA LUMPUR, Oct 5 — Joint raids were mounted today on Pageantry Gold Bhd, Caesar Gold Sdn Bhd and Worldwide Far East Bhd by Bank Negara, the police and the Domestic Trade, Co-operatives and Consumerism Ministry. The central bank said the three businesses are suspected to be involved with offences that include illegal deposit-taking, money ….  Read More

Genneva Malaysia investigated for suspected offences

NewsBNMbnm raidgennevagenneva malaysiaGold

KUALA LUMPUR: Genneva Malaysia Sdn Bhd and its related companies are being investigated by the relevant enforcement agencies for suspected offences, which included illegal deposit-taking and money-laundering. In a statement today, Bank Negara Malaysia (BNM) said the other suspected offences included tax evasion and avoidance, false description including misrepresentations, appointment of agents without licence and ….  Read More