The Gold Guarantee’s Customers Lodge Police Report
By Financial Planning Central  •  January 26, 2013

More customers of beleaguered gold buyback company The Gold Guarantee (TGG) have lodged police reports after its founder and CEO Lee Song Teck remains uncontactable, reports the 26th January 2013 edition of The Straits Times (Customers lodge police report after CEO goes missing).

It was reported that about 2 dozen customers made their way to the Commercial Affairs Department (CAD) on the 25th January. An officer briefed investors that the police are investigating but no details were given.

One TGG customer shared that he saw a couple from China buying 30kg of gold. This would work out to be nearly S$3 million. He also said that others have sold their property to invest with TGG.

The article highlighted that TGG’s employees were “forced to sign ‘release and resignation’ letters” on 18th January terminating their employment on the very day.

Senior management had removed computers hastily a few ...

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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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