Bank Negara assured that
"the relevant enforcement agencies have mobilised the necessary resources to expedite the investigations"
Bank Negara update comes in wake of
investor doubts over any wrongdoing.
PETALING JAYA:
Three more gold investment companies in Kuala Lumpur
have been raided for suspected illegal deposit-taking.
GEORGE TOWN:
More than 100 consultants and customers of Genneva Malaysia Sdn Bhd here
continue to cry foul over the raid on the company.
Apparently, more than 10,000 customers and 500 consultants in Penang
were affected by the Bank Negara operation.
FOOLS' GOLD
A scheme that promises 24 per cent a year looks like a free lunch
A scheme that promises 24 per cent a year looks like a free lunch
and should be viewed with the greatest of scepticism.
How exactly is that return generated?
The Genneva saga is yet another hard lesson
for investors that chase returns that are just too good to be true.
By Genevieve Cua
1 comment:
Government should peg interest rate higher than the core inflation rate, this is to protect saving from the erosion of inflation.
The only way ordinary people can do to protect their saving is to find investments that pay higher than the inflation rate.
We have HN5, minibonds in 2008, followed by land bankings and now this. This is not going to end unless we lock up every financial scumbs or Government pay decent intesrest rate to savers.
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