Cops urge Bank Negara to plan up principles on gold investment schemes

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Bank Negara Malaysia has been entreated to determine sure guidelines for gold investment schemes inside light of accelerating cases of fraud.

With file-high prices for a dear metal, scammers are taking advantage of unsuspecting traders by means of faux schemes.

Federal Industrial Crime Investigation Department director Datuk Seri Ramli Mohamed Yoosuf said lot companies maintain began promoting gold investment schemes, however with out exact oversight, traders had been inside peril of falling prey to scams.

He entreated BNM to require all companies fascinated with gold investment schemes to register with a central bank.

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