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CAD Updates FAQ On Genneva Probe
By Financial Planning Central  •  October 8, 2012

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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By Financial Planning Central
Tiang Chuan is a Independent Financial Adviser (IFA) with PromiseLand Independent Pte Ltd, an Independent Financial Advisory Firm. One of the reasons that propel him to join the Financial Advisory industry is the realisation of the importance of proper Financial Planning due to the experiences in his growing-up years. Read about his story to know more about what he went through
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1 Comments

One response to “CAD Updates FAQ On Genneva Probe”

  1. Grace Lau says:

    After CAD investigate,our investment fund (especaily paper gold) can get it back?

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