Becareful when you invest............

For property investors, I just received the news from my friends regarding BNM raided Walton International Property Group (M) Sdn Bhd.

I have checked their website and found that the company's HQ is in Canada........

http://www.waltoninternational.com/


You can find more decription of the company in Jobstreet ..........

http://siva-my.jobstreet.com/_profile/previewProfile.asp?advertiser_id=8342

Becareful when you invest......


Bank Negara raids Walton Intl premises in 3 cities

BANK Negara Malaysia yesterday raided Walton International Property Group (M) Sdn Bhd following complaints from the public on land banking schemes promoted by the company.

In a statement in Kuala Lumpur yesterday, Bank Negara said the raids were simultaneously conducted at the premises of the company in Kuala Lumpur, Kota Kinabalu and Kuching.

The central bank advised the public to be cautious of this type of land banking schemes promoted by the company.

"Any elements of deposit-taking activities and public offerings such as interest schemes or investment in real estate schemes should be referred to the appropriate authorities such as Bank Negara, Companies Commission of Malaysia and the Securities Commission," it said.

Bank Negara advised the public to use lawful remittance channels when making payments or sending money overseas.

"A list of legitimate remittance channels can be referred at the bank's website, www.bnm.gov.my for either licensed or licensed non-bank remittance operators," it said. - Bernama