Thread: "Humble" Diversions...

Good Morning Heinz-Werner,
More likely just conjecture. Exactly where did you see this information? PM link.

Kozmar

Originally Posted by Heinz-Werner

Hi Kozmar,
I just read on Solidinvestment forum that BN has closed its investigation into Pips and , apparently BM is free to resume.
Cannot confirm accuracy and thought that there was perhaps something here?
Has anyone got better news. Lost BN's website- so cannot check if investigation has been completed.

As of today, the info on Pips/ Pure Investor has not changed Since February on the Bn website.

No change on the BN website is expected. Banks and major corporations are not very quick to update their websites. It could be weeks before someone updates the BN website on the status of the PIPS investigation.

Unless a source of the information is cited, it must be treated as hearsay.
As much as we all want it to be true, let's continue in cruise mode until the information is verified.

Reginald

BUMP!!! (meanwhile there's been added in the 'core' humble thread loads of food that's full worthy to be moved over here... ;)
Thanks mods!
Hasse

BNM seem to be busy. PIPS is not the only case they are investigating. Maybe this is why they're taking so long to finish the PIPS case.

V/R,
Chris


Ref No: 05/06/03

Embargo: For immediate release

Bank Negara Malaysia investigating G-Gold Gallery Sdn Bhd
Bank Negara Malaysia, in a joint operation with Polis Diraja Malaysia, is investigating G-Gold Gallery Sdn Bhd and its related companies suspected of conducting illegal deposit taking and money laundering activities, both of which are offences under subsection 25(1) Banking And Financial Institution Act 1989 (BAFIA) and subsection 4(1) of Anti Money Laundering Act 2001 (AMLA) respectively.

Relevant assets and documents of the company were seized for the purpose of investigation. The residences of the directors of the company were also raided as part of this investigation.

The joint raids were conducted in Kuala Lumpur and Ipoh following complaints received from members of the public.

Members of the public are reminded not to be involved in any get rich quick scheme to avoid losing their hard earned money. For further inquiries, members of the public may contact officials of Bank Negara Malaysia at telephone number 03-2698 8044 ext. 8622, 7205, 8518, 7276, or 8439.


Bank Negara Malaysia
11 May 2006

© Bank Negara Malaysia, 2006. All rights reserved.

We need another BUMP ....so here goes

Very interesting Largo, Please continue!! I can't wait to see
what happens. Is the end in site??
Brenda

Being in Malaysia this very moment.... and being right up this VERY close and facing some hard core revelations and facts if you will... my "goodbye gift" I had repeatedly exalted since June last year remains true... but it stays with me...you wanna know more, make the trip...it may cost you to personally find out yourself, it did for me and I now know it for sure and certain...

You ALL can continue to hype and blow HOT and feel good...if you still will, i.e. if it makes you feel happy to this day...it's a choice you chose I guess... which is good on the other hand.

Look on the bright side despite past trebulations for it will NOT come back as you might all have dreamed for...., unfortunately!

Incidentally...I'm having a jolly GREAT time out here in Malaysia and still moving about...

Had a jolly good "thai-workout" for a massage that stretched me for 2 fabulous hours in Bangkok!

YB.

Well at least the people who invested in that deal have no reason to wonder what BNM is actually investigating i.e:
“suspected of conducting illegal deposit taking and money laundering activities…”

I find it interesting that BNM is being rather specific why they in a joint operation with the Royal Malaysian Police are investigating that company, but in the case of PIPS are not so.