Genneva Gold Investment company or gold trading firm is the one of the famous gold investment in Malaysia and Singapore.
As Genneva promise good returns to their customers, they still can run their business although Bank Negara Malaysia (BNM) has commenced investigations into Genneva Sdn Bhd start of year 2009.
The directors of Genneva Sdn. Bhd. were charged in Kuala Lumpur Sessions Court year 2010.
Genneva gold investment was raided
On 2 October 2012, Genneva was raided by Bank Negara Malaysia (BNM) , police (PRDRM), the Companies Commission of Malaysia and the Ministry of Domestic Trade, Cooperatives and Consumerism. Now, the Genneva is suspending all transaction.
“The public is advised to be cautious in investing money to avoid becoming victims of activities that are illegal and in breach of the law,”~ BNM
The management staff of the company said to press, the BNM officials came twice. It is estimated that about 100 kilograms of gold bullion was seizure.
Again, MisterLeaf hope everyone can think twice before investing. If the the returns is too good to be true, it probably is a scam.
Do you think the Genneva will be the next Bestino?
Source: Genneva Cases in BNM