BNM raids three more gold trading firms
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
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