Unauthorised gold traders 'dupe Malaysians'

Tens of thousands of people have already sunk money into blacklisted companies promising large returns.

    Gold trading is unregulated in Malaysia and the central bank says more than 20 so-called gold investment companies are involved in making unauthorised transactions.

    Although they have been blacklisted, tens of thousands of people have already sunk their money into these companies.

    The bank says it suspects any money they receive in return is not made from gold trading, but from other investors' payments.

    However, the bank's decision to seize four of the companies' assets has angered investors.

    They are planning a rally later this week demanding the return of their gold and their money.

    Al Jazeera's Florence Looi reports from Kuala Lumpur.

     

    SOURCE: Al Jazeera


    YOU MIGHT ALSO LIKE

    Project Force: Could the world survive a nuclear winter?

    Project Force: Could the world survive a nuclear winter?

    The consequences of a nuclear war would extend far beyond the blast itself, killing millions of people across the globe.

    Are K-pop and BTS fans a new force for social justice?

    Are K-pop and BTS fans a new force for social justice?

    K-pop fans are using the same social media tactics they employ to support music stars for social justice activism.

    Palestine and Israel: Mapping an annexation

    Palestine and Israel: Mapping an annexation

    What will the maps of Palestine and Israel look like if Israel illegally annexes the Jordan Valley on July 1?