Following the probe on Genneva on 01st Oct 2012, CAD has updated it’s website with an FAQ on the investigations. Readers can access CAD’s site here.
Below are the information listed. Readers should visit CAD’s site for the latest information.
The Commercial Affairs Department (CAD) of the Singapore Police Force has commenced an investigation into the affairs of Genneva Pte Ltd. The investigation is focused on the business practices of the company and whether criminal offences have been committed by anyone in the conduct of the company’s affairs.
Q What is the status of the investigation?
A The investigation is underway. The CAD will inform of the final outcome of the investigation.
Q I have entered into agreements with Genneva Pte Ltd to buy gold products. These agreements entail monetary payouts and buy back guarantees. Can Genneva Pte Ltd continue to fulfil its obligations under these agreements in view of ...
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After CAD investigate,our investment fund (especaily paper gold) can get it back?