In an 18th October 2012 update on the raids on gold buy-back firms, Bank Negara of Malaysia has ordered directors and key personnel to declare their assets in Malaysia and overseas. The relevant authorities are also recording statements from the directors and senior management of the companies, agents and investors.

According to the update, “ investigations have been accorded priority and all the necessary resources are being mobilised by the relevant enforcement agencies to expedite this process. This is to bring this investigation to the earliest conclusion“.

There have not been new updates on the CAD’s FAQ on the investigation into Genneva in Singapore.

Bank Negara Update 12-10-18 - Update on joint raids conducted by enforcement agencies on companies suspected of conducting illegal investment schemes using gold

CAD’s FAQ on Genneva Pte Ltd

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1. Bank Negara Updates Genneva Probe
2. Bank Negara Probe Indicates Gold Buy-Back Schemes Not Sustainable
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