GEMILANG MIRZA MD DENIES OPERATING GET-RICH-QUICK SCHEME
The managing director of an investment company yesterday denied operating a get-rich-quick scheme.
Datu Pengiran Awang Binting Pengiran Salleh, managing director of Gemilang Mirza Sdn Bhd which was raided by Bank Negara on Tuesday on suspicion of illegal deposit taking and money laundering activities, said his company was based on the profit distribution of sales of the company’s products.
“I forwarded the company concept to Bank Negara and they sent me a letter saying that the sale of my products was under the Domestic Trade and Consumer Affairs Ministry.
“I was also told to be familiar with legal acts regarding the concept of my company and I found that there was no act that says my company concept was illegal,” he told a media conference here yesterday.
Awang Binting also said he referred the company concept to Chief Minister Datuk Seri Musa Aman and was told Gemilang Mirza was an example to other companies in producing more entrepreneurs.
On Tuesday, Bank Negara carried out the raid at the company’s premises in Papar following complaints received from the public.
The company is being investigated under Section 25(1) Banking and Financial Institutions Act 1989 (BAFIA), which carries a fine not exceeding RM10 million or imprisonment for a term not exceeding 10 years or both, and Section 4(1) of Anti-Money Laundering and Anti-Terrorism Financing Act 2001 (AMLATFA), which carries a fine not exceeding RM5 million or imprisonment for a term not exceeding five years or both.