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Friday, 16 June 2017

A group of investors wants Bank Negara to launch an investigation into Monspace

Friday, 16 June 2017 | MYT 6:38 PM

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Bank Negara urged to probe company over investment schemes

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KUALA LUMPUR: A group of investors wants Bank Negara to launch an investigation into a local company over its investment activities.
In an immediate response, the company, Monspace, claimed the group's protest on Friday was staged with political intent.
The investors, all Chinese nationals, picketed outside Bank Negara, claiming to have collectively lost millions as a result of investing in the company's schemes.
They were accompanied by DAP's Segambut MP Lim Lip Eng and Selangor DAP  committee member Ronnie Liu.
Monspace, in a statement, claimed that the protestors were secured by DAP to advance its own political agenda.
"Our investigations show that the 'protesting investors' were not able to prove that they are Monspace members.
"The presence of DAP politicians clearly showed that it was driven to illegally cause destruction of Monspace," the company said.
It added that it had sought legal counsel and will lodge a police report against the protestors for tarnishing the company's image.
It added that it would file legal action against any individual or group making defamatory statements against the company.
"Monspace's lawyer, Tan Sri Dr Muhammad Shafee Abdullah of Shafee & Co, has also taken legal action against two DAP leaders for organising a similar protest outside the Monspace office," said the company.

Read more at http://www.thestar.com.my/news/nation/2017/06/16/bank-negara-urged-to-probe-company-over-investment-schemes/#2HC2bReb5AB7i7kJ.99

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