Investors form Genneva support group on FB

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Investors form Genneva support group on FB

PETALING JAYA: Angered by raids at the offices of gold trading firm Genneva Malaysia Sdn Bhd, investors have taken to Facebook to form a support group.

The “Genneva Malaysia Supporters” was set up on Monday, on the same day Bank Negara (BNM) officials led a multi-agency crackdown at the company’s offices.

The Facebook page has since attracted close to 500 “likes” at press time.

Consultants and customers were still generally supportive of the company and its investment schemes.

The Facebook page’s administrator wrote on Tuesday calling Genneva’s “profit sharing platform” a godsend to the 60,000 consultants and customers.

The administrator also said they would hold a march to Putrajaya to appeal to the Prime Minister to unfreeze the bank accounts of Genneva so that they could retrieve their investments.

They also want the Government to remove the company name from the central bank’s Financial Consumer Alert List. However, others appealed for calm and asked them not to demonstrate.

“Please hold on, please be patient. We have to wait for Genneva Malaysia’s management to advise us,” wrote May Wong.

“Don’t march, let BNM complete their investigations,” wrote Horace Wong.

Genneva Malaysia management wrote on their Facebook page acknowledging the support by their customers.

“Our team of experts are working hard, looking into all possibilities. We must stand hand in hand, support each other, stay calm and allow our expert team to handle this issue,” it said.