Interest.....

[Adster]

Thought about this a few times and with all the money from P**s being frozen all this time, once it's released there is no reason why it shouldn't have been accruing interest all this time. :0)

[oldtimer]

The bank has frozen it - you don't really think they will add interest to the amount? They will surely keep it for themselves.

[jarlev]

Are there Norwegian pips-members in this forum ?

jarlev

[Style]

I dont see how The bank that conducted the investigation could have the authority to freeze ALL of PIPS money..........only what was in Malaysia. How could BNM have any authority over PIPS money outside Malaysia? Just my thoughts.....I could be wrong............but I agree with you Adster.

[Adster]

Was under the impression all money was in Malaysia less the gold in Australia.

[oldtimer]

Wasn't money frozen long before BN came on the scene?

[newlife]

I dont see how The bank that conducted the investigation could have the authority to freeze ALL of PIPS money..........only what was in Malaysia. How could BNM have any authority over PIPS money outside Malaysia? Just my thoughts.....I could be wrong............but I agree with you Adster.

You are right Style. Only money that was in local Bank was frozen and any in and out money activity.

Investment outside Malaysia was still under progress. Rol was not in action, since no database for keep it up to date.

We need to be some more patience. Everything would be clear later.

[Hesitatenot]

You are right Style. Only money that was in local Bank was frozen and any in and out money activity.

Investment outside Malaysia was still under progress. Rol was not in action, since no database for keep it up to date.

We need to be some more patience. Everything would be clear later.

Newlife, are you saying that the only funds that were frozen were those in the Malaysian local bank?
If so, what do you make of Bryan's answer to my question below?

8. Hesitatenot: Bryan,
You mentioned in one of your posts that all bank accounts were locked.
Does this mean that all of the PureInvestors Program bank accounts are locked, regardless of where those accounts may reside?

At the moment yes.

[azmia]

To add to this, one would assume that if his accounts and the servers etc are under the control of an outside agency, Bryan would not have access to them at all until the entire situation is put to rest.

[Style]

This is a very good point Dana, and I have pondered on this long and hard.............I dont know the in's and out's here (wish I did) but I cant see how the BNM would have the authority to freeze money not located in their jurisdiction (to me that would be like Mastercard freezing my Visa Credit Card accounts, or like Paypal freezing my Stormpay account......I just dont see it happening)......unless it was all in Malaysia (which would be one of the WORST business decisions EVER made, SURELY Bryan wouldnt have had all of the money in Malaysia.)
So the pondering left me with several different scenarios of which I wont discuss here because I would be tracked down and shot!

But anyway.......I think you see my point, I just dont see how BNM could have frozen all of the money.

Hopefully we will get the answers to these questions before our grandchildren die of old age!

Newlife, are you saying that the only funds that were frozen were those in the Malaysian local bank?
If so, what do you make of Bryan's answer to my question below?

8. Hesitatenot: Bryan,
You mentioned in one of your posts that all bank accounts were locked.
Does this mean that all of the PureInvestors Program bank accounts are locked, regardless of where those accounts may reside?

At the moment yes.