Friday, October 19, 2012

GOLD FIRM'S BOSSES TO DECLARE ASSETS IN MALAYSIA


KUALA LUMPUR, Malaysia -  The directors and key personnel of four gold trading companies which were raided recently have been ordered to declare their assets in Malaysia and overseas. This also included the properties of their spouses and proxies.


A joint statement by Bank Negara Malaysia, the police, the Domestic Trade, Cooperatives and Consumerism Ministry and Companies Commission of Malaysia stated that an extensive and detailed analysis was now being made on the assets and liabilities of the companies.


The statement said authorities were recording statements from the companies' directors, senior management, agents and investors.
"Bank Negara said this case has been accorded priority to ensure the investigations are completed quickly. All the necessary resources are being mobilised by the relevant enforcement agencies to expedite this process," it stated.

Source: asiaone

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