DISCOVER the Road to Financial FREEDOM!

Public Gold name was removed from the  Bank Negara Malaysia’s (BNM) consumer alert list on 29 October 2012.

For Bank Negara Malaysia’s (BNM) consumer alert list, please check Financial Consumer Alert List by Bank Negara Malaysia

LATEST UPDATE:

Bank Negara Malaysia | Central Bank of Malaysia WARNING on Public Gold!

“The de-listing is NOT an Endorsement or Authorisation by BNM on the company’s business activities.

BNM will continue to monitor entities to ensure no illegal activities are conducted,” a Bank Negara official told theedgemalaysia.

“BNM would not hesitate to take appropriate action if entities contravene any laws administered by BNM.”

Datuk Louis Ng, founder and executive chairman of Public Gold, say that Public Gold practice a transparent business model whereby they solely buy and sell physical gold and silver bars without deceiving our customers with unrealistic offers.

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The Employees Provident Fund (EPF) board has lifted the temporary suspension on Public Mutual Bhd’s Services As Approved Fund Management Institution effective on 30 October 2012.

The suspension on Public Mutual was done because a unit trust consultant(UTC)  who distributed unauthorised flyers in Shah Alam.

It’s called unauthorised flyers because it don’t not follow the guideline set according to EPF’s rules and regulations.

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Employees Provident Fund (EPF) has suspended Public Mutual Bhd’s Services As Approved Fund Management Institution effective on 29 October 2012.

Being a Approved Fund Management Institution means the public can withdraw their EPF saving to be invested in unit trusts for better return.

This scheme is optional. Members can opt to invest not more than 20% of their credit in excess of Basic Savings in Account 1.

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