Walton International closes local ops

PETALING JAYA: Walton International Property Group (M) Sdn Bhd (WIPG), which attracted controversy when it was raided and probed by Bank Negara three years ago, has closed down its offices here.

WIPG’s parent company, the Walton International Group, informed its agents and investors in Malaysia of the decision last Monday citing “restructuring of its Asia operations” as the reason for it, a statement dated June 24 that went unnoticed said. The statement said that Malaysian investors would now be serviced out of Walton’s Singapore office. It also assured investors that their investments were sound.