Genneva Malaysia Gold Saga On Youtube

The Genneva Malaysia Gold Saga still continue with many consultants and customers do not have an clue and actual fact why BNM raided the premise and taken away gold that actually belong to its customers. Many conspiracy theory emerges and only time will tell the truth. The public still waiting for the official announcement by Genneva and sources mentioned Genneva will release a statement when the company Chairman Tengku Muhaini Sultan Ahmad Shah return from London. Stay tune.

Breaking News : Genneva Malaysia Raided By BNM

The authoritites mainly Bank Negara Malaysia, Police, Companies Commission of Malaysia and the Ministry of Domestic Trade, Cooperatives and Consumerism jointly raided gold trading company Genneva Malaysia and its Jalan Kuchai Lama office and various branches thru out the nation. The Singapore's Commercial Affairs Department also conducted a similar operation against Genneva Singapore.

Many consultants and customers gathered at the Genneva office once got to know about BNM raided the company.

Judgement day for Genneva Malaysia. Wait to be seen whether this company can survive the storm and emerge as a genuine gold trading company.

From sources, BNM investigating few offences Genneva might breached mainly:

1) MLM activities.

2) Violation under the BAFIA and AMLA act 



3) Complaints from customer about delay in gold delivery.


This is truly a testing time for Genneva, its consultant and all customers. More info to share once got more detail received from source. Stay tune.