Channel NewsAsia
Updated: 02/03/2013 05:03 | By Channel NewsAsia

The Gold Guarantee business practices under police probe

The Gold Guarantee business practices under police probe


The Gold Guarantee business practices under police probe

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.

— CNA/ir

Latest Photo Galleries on xinmsn

NEWS VIDEOS