SINGAPORE: Police are investigating The Gold Guarantee, a local—based gold trading company.
This comes three months after the Commercial Affairs Department (CAD) probed another gold trading firm, Genneva Private Limited.
The CAD says the probe is focused on The Gold Guarantee’s business practices and whether it committed criminal offences in the conduct of its affairs.
Authorities have also also seized the company’s assets.
The Gold Guarantee specialises in the buying and selling of physical gold bullion bars.
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