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 failure to lodge statutory documents.
The joint raids were carried out on Oct 1 on several premises of Genneva Malaysia as well as on the residences of the directors of the company by the Royal Malaysian Police, BNM, Ministry of Domestic Trade, Cooperatives and Consumerism and the Companies Commission of Malaysia, it said.
It said the relevant assets and documents of the companies seized from the raid will be preserved for the purpose of facilitating the investigations.
BNM said the public should check with the relevant authorities when dealing with companies or individuals offering seemingly attractive business opportunities or financial services that were not licensed by the authorities.
The central bank also advised the public to be cautious in investing in unregulated schemes.
“The enforcement agencies will take action on illegal financial schemes to protect the interest of the investors and the public at large,” it said.