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.
Bank Negara advised the public to check with relevant authorities when dealing with companies or individuals offering seemingly attractive business opportunities or financial services that were not licensed by the authorities.
It advised caution in investing in unregulated schemes.
It said that enforcement agencies would take action on illegal financial schemes to protect the interest of the investors and the public at large.
On Tuesday, the three bodies jointly raided gold trading firm Genneva Malaysia Sdn Bhd and its affiliates in the country for various suspected offences.
Singapore's Commercial Affairs Department also conducted a similar operation against Genneva Pte Ltd in the republic on the same day.
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