Disgruntled investors are claiming that they are still in a limbo over the status of their investments with gold investment company Genneva (under Genneva Sdn Bhd and Genneva Malaysia Sdn Bhd).Following the sessions court ruling on Tuesday that Bank Negara Malaysia has the right to freeze Genneva's assets, investors told theSun that this does not change anything, as they have never had assurance that they will be repaid.
"It does not matter whether Genneva's assets have been frozen as a lot of us believe Genneva will not give what is owed to us anyway," said James Lim, a businessman. "The present directors have been unresponsive to all demands.
"We have never received any reimbursement or assurance in any way," he said, claiming that
Genneva has only asked customers for more money. Lim claims the Facebook page, Genneva Malaysia Supporters, is "a front staged by Genneva directors to alleviate blame from themselves and direct it towards Bank Negara."
"They did not disclose how much money had been collected, where it has gone, and customers are not allowed to meet with the lawyers that their money hired," Lim said. Fellow investor Michelle Kwan, a businesswoman, said she, too, has failed to contact the Genneva directors.
Echoing Lim's claims on customers being asked to file for a judicial review, Kwan claims that Genneva had threatened to abandon customers if they do not do as asked.
"We have absolutely no idea where our money is and if we will ever get it back. We are in complete darkness," she said.
No comments:
Post a Comment