wondering whats going on?
checkout the official statement from Bank Negara Malaysia
What I think about it?
well, this is only a raid. purpose of a raid is to make investigation. yes they do legal stockist business, no problem with that.. but the issue here, in the other side, they do accept depo$its to be 'invested', thats where this problems came in. where it is invested? how they managed to give high return in shortest period of time? if there's such a way, i believe all country will applied it and everybody become rich! there wont be any poverty anymore in the world, agree?
anyway, the biggest point here is they're not licensed to do so, thats all. sounds simple huh, but seriously, everybody know that we need a license if we want to offer such services, rite! thats how we differentiate between legal and illegal business.
so..what now?
just wait for the investigation result.. anyway, if you're not satisfied with it, you may be a good citizen by using the proper channel, ask straight to BNM, dont post your questions to a forum or blog or any bulettin board, get your answer directly from the 1st party.. they're reachable through the following details..
Tel: 1-300-88-5465
Fax: 03-2174 1515
Email: bnmtelelink@bnm.gov.my
I love the Web, 
damn... it's my hometown!! :D
its my hometown too k :D
just wait and see the result..
:P
and.... my hometown to! I hope all is good though because I have family members and close friends investing thousands of ringgit @ GM.... I don't want them to get burned.
same here.. families and friends put their cash in there as well..