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Aug 4, 2020 · KUALA LUMPUR: Eight individuals involved in the gold investment firm Genneva Malaysia Sdn Bhd scandal in 2012 were today sentenced to between four and nine years jail by the High Court.
Sep 30, 2020 · Kuching High Court Judge Datuk Lee Heng Cheong in his ruling said the plaintiffs will be compensated for their losses in gold investment with the company. He also said the 232 plaintiffs have the right to claim the damages in the form of cash from Genneva Malaysia through Bank Negara.
Aug 25, 2020 · In this principle, a seller ( Genneva Malaysia) would sell an asset (gold bullion or coins) to a buyer (customers) on a cash basis. The seller would later buy the asset back on a deferred payment basis where the price is higher than the original cash price.
Last Tuesday (Aug 4), the High Court found gold investment firm Genneva Malaysia Sdn Bhd (GMSB) guilty of money laundering and illegal deposit taking.
The webpage provides an update on the investigation status of Genneva Malaysia Sdn Bhd by Bank Negara Malaysia.
Apr 19, 2019 · Genneva gold investors can now make claims after court ruling, says lawyer | FMT. However, they have to satisfy five criteria under Section 61 of the anti-money laundering law, says Fahmi Abdul...
KUALA LUMPUR (Sept 3): RM93 million out of billions of ringgit deposited into the accounts of Genneva Malaysia Sdn Bhd (GMSB) will be the subject of a forfeiture suit Bank Negara Malaysia (BNM) plans to initiate in the Sessions Court.
