Ponzi >>>

Where is 4000 kg gold?

(adsbygoogle = window.adsbygoogle || []).push({});

Mahathir is laughing on his way to bank while several thousand Genneva investors are crying on their way to banks.

Greedy investors themselves have to be blamed for expecting 24-36% annual return and parting their hard earned money for “paper gold”.

A well managed developer can make better ROI like 50%. Lee Chong Wei knows it, but you have to be rich enough like him to venture into housing project.

This is a UMNO-way to rob RM5 billion from Malaysia Chinese in the broad daylight after NEP.

Bank Negara: 8,000 Genneva customers failed to get gold even after they paid By LOSHANA K SHAGAR

PETALING JAYA: Bank Negara has revealed that more than 8,000 customers of gold investment company Genneva Malaysia Sdn Bhd have yet to receive their gold amounting to over 4,000kg, despite having settled the payments.

In a statement on Monday, the bank added that documents seized from the company also revealed that some customers, who had surrendered their gold to the company, had not received their cash reimbursements amounting to more than RM80mil in total.

“Initial forensic accounting has uncovered considerable losses experienced by the company in […]