Originally Posted by tmaa
Just a matter of clarification.
It is only PICPAY being under investigation by BNM. Companies registered in other countries are not under their jurisdiction.
PIPS Inc being a company registered in Panama, has no or very little money sitting in bank accounts in Malaysia. The majority of the bank deposits are in other countries.
There is no contradiction in what BM is saying here, as he refers to the ongoing investigation of PICPAY and the frozen assets of that particular company.
In my opinion this is very good news for all members and we should stay calm and let BM and his team work for us to achieve a good solution.
PIPS will be back!