Thread: Swedish Embassy Speech!!!

Check this it seams that Malaysian Law forbid other companies to open a BANK.

My question to the forum is what was Pic Pay? In my eyes and most likely in the authorities eyes Pic Pay was considered a BANK in that case Bruce Springsteen was on a very thin ice.

However the accuses are not based on Patriot Act or any other anti terror law.

Due to the risk factor on the above text I have in my back support from the Swedish embassy, if you do not believe me everyone of you can contact them they speak fluent Malaysian English and Swedish it is only for to chose.

Mr. Jack

kindly tell us full story

Well, in my eyes Pic Pay was not a bank..No more a bank then EGold, or just about any other e-currency operation is a bank..

And yes, please tell us the full story?

Why do you keep referring to Bruce Springsteen? Have I missed something or does the old Rock N Roller from New Jersey have something to do with PIPS now?

Originally Posted by insider

Check this it seams that Malaysian Law forbid other companies to open a BANK.

My question to the forum is what was Pic Pay? In my eyes and most likely in the authorities eyes Pic Pay was considered a BANK in that case Bruce Springsteen was on a very thin ice.

However the accuses are not based on Patriot Act or any other anti terror law.

Due to the risk factor on the above text I have in my back support from the Swedish embassy, if you do not believe me everyone of you can contact them they speak fluent Malaysian English and Swedish it is only for to chose.

Mr. Jack

Dear Style,

I feel much more comfortable to referee to the real Boss due to the fact that I can not not take the other guys name in my mouth at the moment he have to show me the money first.

Originally Posted by navinmudi

kindly tell us full story

This is what I found in one of my computers file. Have a nice day.....
SMURFERIET=PIPS AND PIC PAY

After a number of teleconversations we have been informed that the investigation are still an ongoing process at Bank Negara (Last time we talked to them ref. my first email to you, they confirmed that the report would be handed over the very same day or the next day). Bank Negara is now confirming that the report will be handed over next week. Bank Negara will in the connection to the handover ask the proceutor (riksåklagarembe) to speed up their work, but they would not commit themself as to how long time it would take until any decision was made.

Obviously, Bank Negara's report would be compared or considered as a "police report". When the proceutor takes over this case, they will have to make a decision what kind of action that will be taken.

My contact at Bank Negara has informed me that they have investigated amongst others Smurferiet as this company has violated the laws of Maylasia and acted as a foreign bank!

In order to assess the "deposits and withdrawals", Bank Negara has frozen the funds of Smurferiet. The only way to get access to investors funds during the "freeze" period by Bank Negara would be to contact the Malaysian Court and ask them to make a ruling and have Bank Negara to release the funds.

(My assumption is that the probability that the court would go against Bank Negara is very slim. My contact at bank Negara also admitted that an investigation is initiated only on very strong indications that a crime has been committed).

Bank Negara's report is confidential!...and not public.

I personally doubt that we are able to get more information from them. Later when the report is handed over to the proceutor, we may get in touch with them again and check how long it will take before any decision will be made and when information will be rmade available to the investors.

Best regards

Old news, and is not yet verified as authentic..........Still waiting for that.

Yes That Was Old News That I Copied, But If Check The Top There You Have What I Got Today That Is Not Old News.

As I Said There It Is Up To You To Check By Your Self.

Mr. Jack

Yes, we know what is said about banking in Malaysia....not news that either. Is that what you wanted us to know?

Shell The Big Issue Was Is Bryan Marsden Was Allowed To Open A Bank In Malaysia The Last 48 Hours It Has Been Confirmed.

How Can That Be Old News Please Enlighten Me

Have A Nice Day

Mr. Jack