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The statement said many schemes by these companies were simply not sustainable to provide the promised high monthly returns and they were also found to be unable to provide the guarantee buy-back of gold…

KUALA LUMPUR(BullionStreet): « Malaysian authorities issued a statement justifying recent raids conducted on several gold trading companies.

« In a joint sttaement, country’s central bank, Bank Negara Malaysia, the police and the Attorney-General’s Chambers said the raids were conducted in the best interest of the public to prevent them from falling victim to such schemes and to protect those who had already invested.

« The recent raids by the authorities on several companies suspected of operating illegal gold investment schemes were prompted by unsustainable high monthly returns and questionable promises.

« The statement said many schemes by these companies were simply not sustainable to provide the promised high monthly returns and they were also found to be unable to provide the guarantee buy-back of gold.

« The scheme was found to be unsustainable as … »

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