This public gold very dangerous.
But now doubt is uncover.
Public Gold lifted from BNM alert list
Business & Markets 2012
Written by Cindy Yeap of theedgemalaysia.com
Tuesday, 30 October 2012 18:59
KUALA LUMPUR (Oct 30): Public Gold Marketing Sdn Bhd has been removed from Bank Negara Malaysia's (BNM) consumer alert list, the gold trading company said in a statement.
When contacted, a central bank spokesperson verified this to be true.
According to the company's statement, Public Gold immediately visited BNM to present its case when its name appeared on BNM's Consumer Alert List on Sept 27 this year.
"At Public Gold, we practice a transparent business model whereby we solely buy and sell physical gold and silver bars without deceiving our customers with unrealistic offers," Datuk Louis Ng, founder and executive chairman of Public Gold, said in the statement.
"Our customers' interest is always our number one priority, which explains why we have offered to render full co-operation to the authority without any doubt, to assist and speed up on the investigation process."
Public Gold, which has 18 branches and is not related to PUBLIC BANK BHD [], said it will "continue to maintain a proactive relationship with BNM and local authorities to comply with guidelines at all times"