I think we are going to see more of these in the headlines…
On 13 January 2009, Bank Negara Malaysia raided Gemilang Mirza Sdn Bhd under Section 25(1) Banking and Financial Institutions Act 1989 (BAFIA) and Section 4(1) of Anti-Money Laundering and Anti-Terrorism Financing Act 2001 (AMLATFA). Section 25(1) of BAFIA 1989 prohibits any person from receiving, taking, or accepting deposits without having a valid license, whereas Section 4(1) of AMLATFA 2001 prohibits any person from engaging in, or attempting to engage in, or abetting the commission of money laundering activities.
The raid on Gemilang Mirza Sdn Bhd was conducted at the premise of its company in Papar, Sabah following complaints received from members of the public. Relevant assets and documents of the company were seized for purpose of investigation.
Here are a few links to Gemilang Riza related information:
http://gemilang4u.blogspot.com/
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