Thread: Any opinion? please.

Originally Posted by Offshore-Wealth.com

Interesting,

Unless you were ordered to respond, I wouldn't. After all, the way I see it is that this is one of the complaints BN has against PIPS, they went in a round about way to allow Malaysians to join, when in fact it was deemed illegal, so think about it, this is probably one of their main complaints, on how Bryan went round Malaysian law by supposedly registering in Panama. I know I would be pissed if someone went around me, so imagine how BN may look at issue? Just my opinion, but I would not respond unless mandated to by court order.

Good luck to all, Mike

I agree with you Mike

Well I disagree with what you people are telling him to do....

1) BNM already know he is a malasyan and he invested on PIPS after whatever the new agreement says if it was allowed or not to malasyans

2) If he dont cooperate with BNM they could force them with supoema for the preliminary audience, and this would make him look suspicious by the BNM agents.

So take my suggestion, cooperate with all you can with BNM. Dont be a fool and shut your mouth just because others says, if you already received a letter it means they are formally asking you and is the first formal step for you to cooperate with them, and I can asure you they will force you to cooperate them, otherwise they wouldnt sent you a letter, they will just call you by phone or talk to you in person to cooperate, a verbal ask to cooperate, now a letter is a whole different letter so it can complies with Malasyan Laws and rights.

PS: Im a lawyer.

Originally Posted by Jeepthing

I agree with you Mike

Originally Posted by Rider

Hi,
I am malaysian. i have recieved an official letter from BN to help in the investigation. They asked me to bring along all the documentations related to Pic Pay.com. I do not know what should I do now.

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IT is very clear BN is questioning how Rider is involved in PICPAY. BN is not questioning how he is involved with PIPS. My interpretation is that it is absolutely legal that a Malaysian resident to become a member of PIPS, an offshore company. But it is "illegal" to become a member of PICPAY, a Malaysian company doing "foreign exchange" business. BN is just investigating PICPAY only in connection with the possible violation of the Malaysian financial and banking laws. I think it is OK for Rider to cooperate with BN re:how he becomes a member of PICPAY although he is a Malaysian national living in Malaysia.It looks like that PIPS at least is very legit, which is a very good thing.

It won't hurt to talk to your own lawyer there who will be familiar with your laws and can advise you on what your options are. We all just have opinions here. Don't let us decide your fate here. Let your lawyer help you.