Originally Posted by jakvp
Don't expect much, this is what I got from a Malaysian friend who was interviewed by BNM recently.
"Regarding the PIPS, i was called for helping the BNM investigation this morning. BNM is currently conducted nation-wide investigation & i suppose all Malaysian who are PIPS investors involved. BNM basically would like to know what are the investors' understanding concerning the PIPS & PICPAY. There were totally 3 pages of questions, quite brief, eg - how many account you have, what you know about PIPS, how to register & some other very basic questions....). According to them, BNM has to intervene because some Malaysians lodged a complaint on not receiving dividend or very late payment from PIPS. BNM wish to wrap up the whole issue hopefully by the end of this year, but they did not PROMISE anything concrete. Well, this is so far for PIPS. If PIPS is found guilty, then, there may be a Court case & we as the witness may be needed to present at the Court - hopefully this is not the CASE !!!!"
I then asked him if they told something about the chances for PIPS to come back and this is his answer :
"The BNM didn't really disclose anything (may be they are not suppose to before complete the investigation). From the way they talk, it seems that the chances is 50/50."
I think that's all you can expect for this moment. BNM is not going to tell anything until the investigation is over.
take care,
Jakvp