Month: October 2012

BNM raids three more gold trading firms

3 commentsNewsBNM 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

0 commentsNewsBNMbnm 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