Guys, latest news at 17th Oct.
Sorry because it is basically reported in chinese words, but i will try to summarise of it, below is the news . . .
Google says this, and I need time to analyze:
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[Frontline Finance reprint] Source: Oriental Daily
8 people to invest in foreign exchange can not catch back payments
Heaven-sent: "China is currently the only national banks and some commercial banks hold legitimate forex investment licenses"
Police and the State Bank will commence action to investigate?
(Kuala Lumpur, 16 May) unfamiliar do not lie! An understanding of 10 years, the friends turned out to become the embodiment of cheating, deceived by a mobile phone shop proprietors a public partner investment in large sums of money to buy foreign exchange, and the result was met with no response, the other many excuses and refused to refund.
Victim from Kuala Lumpur Hong Tianfu (28-year-old mobile phone shop proprietor), he is on April 18 this year, after about 10 years, an understanding of the Friends of "R oy" lobbying, decided to 8000 ringgit investment to add a foreign exchange investment plans.
"It was the direction I claimed that foreign exchange investment company registered in London, and is a legitimate business, that I do not have to worry about other grounds to facilitate things, to 8,000 ringgit investment amount imported into a private bank account, not the account of the investment company. "
He said, he did not seem to mind the idea to do so to 4 Yuemiao, he did get 280 ringgit foreign exchange investment returns, but from then on they no longer get any returns.
He pointed out that, when he see no more returns the intention Roy request termination of the Investment and refund, provided that the other party has turned to him to sell another investment plan, this time at least 5% of the commitment to receive a monthly returns, he once again decided to invest through the other, and also to invite family and friends to join.
"Later, my friend with a joint venture, has to import 11 million ringgit in May and June of large sums of money to each other's private bank accounts, including 38,000 ringgit years of my personal savings."
Did not acknowledge receipt
He revealed that within two months, this time he received a total of 2,360 ringgit returns nothing but another seven friends.
Everyone started to feel wrong, and decided to call to Roy asked to explain and refund, then Roy readily agreed to refund all funds within 7 days.
"But we are waiting for a month later still no other refund, during which we have repeatedly urged, but the other party has many reasons excuses, including means the funds stay in the London investment company account within us to be patient, to not answer the phone. "
At the same time, he also pointed out, they are in the process of several remittances to Roy, the other did not open any formal receipts or contracts, so he did not rule out the possibility that Roy may misappropriated the money, or the entire investment plan has always been a scam.
After waiting to no avail, Mr Hung and seven friends reported to the police last Tuesday (9) to the MCA Public Services and Complaints Department director Datuk Seri Zhang providential complaints.
Zhang providential said, the first of China's only national banks and some commercial banks hold legal foreign investment license, and therefore called on the intention to invest in foreign exchange, bank unit holds a valid license should contact rather than through the background of unknown tripartite investment.
Hongshi people with Roy he has helped obtain telephone contact, the other offering meetings to refund the sum of the amount of investment in installments, except Hung and others reject this proposal, insisted on a one-off refund all amounts, he said, .
Zhang also give Roy the opportunity to produce documents to prove their innocence in a week, otherwise will be the case over to the police.
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I hope this helps,
AI
