KUALA LUMPUR: Gold trading firms Pageantry Gold Bhd, Caesar Gold Sdn Bhd and Worldwide Far East Bhd were jointly raided on Friday by the police, Bank Negara and Ministry of Domestic Trade, Cooperatives and Consumerism for suspected offences that include illegal deposit-taking, money-laundering, tax evasion and avoidance and false description.
The suspected offences also include misrepresentations and appointment of agents without licence, said Bank Negara in a statement on Friday.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!