BESTINO GOLD: ‘All that glitters is not gold’.,.

____________________________________________________________

6 Jan 2017

..

At the Ipoh High Court: 9.03 am.

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To All

Bestino Investors:
* Friday 6th January 2017
* 8.30AM
* Ipoh High Court
* RM 411 Million
* 6764 Victims
* 6+ Years Ready
* Suffering & Struggling

*We Urge All The Investors to attend the Court Case to Show Our Unity , Investors Power & Wave.*

Bestino Action Committee

Pls share this information

Bestino Group Berhad
27 Oct 2016

The Court vacated the trial date on 31 October 2016 and set 20 December 2016 as additional hearing date

Next trial date:

29 November 2016
30 November 2016
1 December 2016
2 December 2016
6 December 2016
7 December 2016
8 December 2016
15 December 2016
16 December 2016
20 December 2016
4 January 2017
5 January 2017
6 January 2017
9 January 2017
10 January 2017
11 January 2017
23 January 2017
24 January 2017
25 January 2017
26 January 2017
27 January 2017

http://www.bnm.gov.my/microsites/fraudalert/0301_status.htm#bestino

October 2013

Investors in gold investment company Bestino Group Bhd are continuing their protest for the eighth day outside the Batu Pahat jewellery shop which is owned by the company.

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Free Malaysia Today

Investors continue protest outside jewellery shop

B Nantha Kumar | October 28, 2013

Investors in gold investment company Bestino Group Bhd are continuing their protest for the eighth day outside the Batu Pahat jewellery shop which is owned by the company.

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PETALING JAYA: A group of 20 people who have invested in gold investment company Bestino Group Bhd are into their eighth day of protest outside the Batu Pahat Jewellery outlet in Ipoh.

Bestino Investors Action Committee coordinator K Kunasekaran said today the group would continue their protest until Bestino returned their money.

The investors started their protest outside the jewellery shop owned by Bestino on Oct 21 from 10am to 5pm daily.

“We also take turns to accommodate those who are still working,” said Kunasekaran.

He told FMT that the investors had no choice but to stage the protest as they were frustrated with Bestino director Chong Yuk Ming for not returning their money despite promising to do so two years ago.

“Chong keeps giving lame excuses to delay in returning our money. Five years have passed but nothing has been done.

http://www.freemalaysiatoday.com/category/nation/2013/10/28/investors-continue-protest-outside-jewellery-shop/

Star

Thursday September 12, 2013 MYT 10:41:29 PM

File affidavits to recover funds, Finance Ministry advises Bestino Group investors

PUTRAJAYA: The Finance Ministry has advised Bestino Group Bhd investors to file affidavits if they wished to recover their investments.

Ministry spokesman Datuk S. Kumaran said despite the ongoing case into the gold investment company, they could still seek the court’s help to release any funds which belonged to them.

“We advise the victims to file affidavits. We are also willing to help those without legal counsel,” he said after a meeting with Bestino investors at the Ministry about 11 am Thursday.

Kumaran said Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah genuinely wished to help the investors but the investment accounts had been frozen for evidence.

“Only a judge can decide on the matter, so the investors should seek the court’s consideration,” he added.

“Another way would be for a bona fide third party to submit in court the reasons why the money cannot be forfeited and should be returned, under Section 61(1) of the Anti-Money Laundering and Anti-Terrorism Act 2001,” he said. – Bernama

File affidavits to recover funds, Finance Ministry advises Bestino Group investors

Malaysia Chronicle

Thursday, 11 July 2013 08:53

It’s our money – Bestino gold investors tell govt to return RM24.4 MILLION

Bestino Action Committee handed a letter to the Ministry of Finance (MOF), seeking the return of RM24.2 million invested in a gold scheme.

A group led by K. Kunasekaran handed a letter to Datuk S. Kumaran, an undersecretary with the ministry’s Strategic Financial Division here today.

“We are not asking for government’s money. We are asking for our money,” said Kunasegaran.

In the letter addressed to Finance Minister II Datuk Seri Ahmad Husni Mohd Hanadzlah, the investors want immediate action to be taken as promised before the 13th General Election.

“MOF is delaying. They are the one delaying the matter.There are more than 6,000 Bestino investors who are affected by this,” Kunasegaran told reporters.

However, Kumaran told reporters later that Bank Negara has no power to release the money seized, which is a part of exhibits in a criminal proceeding.

He advised the investors to file a civil suit in court to obtain an order for release of the investment money.

—–

A mass protest is planned on Feb 26 in front of the Prime Minister’s Office

Free Malaysia Today

Bestino investors plan demo at PM’s office

B Nantha Kumar | February 14, 2013

‘We want our money back before the 13th general election.’

PUTRA JAYA: Disgruntled investors in the Bestino gold scheme will stage a mass protest on Feb 26 in front of the Prime Minister’s Office in their ongoing struggle to get their money back.

The decision for the demonstration was taken at a recent meeting of investors and the group representing them, the Bestino Action Committee.

K Kunasekaran, a spokesman for the committee, disclosed this today after meeting an aide to the Prime Minister in Putrajaya.

“The investors want back their money before the 13th general election,” Kunasekaran told FMT.

He accused Bank Negara of pretending to be ignorant of the issue.

“The investors want Bank Negara to disburse to the investors the RM24.2 million it seized from Bestino,” he said.

Bestino investors plan demo at PM’s office

—–

Bestino was once the nation’s largest gold investment scheme. It had collected more than RM411 million from investors before Bank Negara and Securities Commission officers raided its premises in 2010 on suspicion that it was guilty of money laundering.

Since then, investors have been trying to get back their money by petitioning both Bestino and Bank Negara.

Free  Malaysia Today

Small victory for Bestino investors

B Nantha Kumar | February 2, 2013

The Ipoh High Court dismisses the company’s application for a stay of proceedings.

KUALA LUMPUR: The Ipoh High Court earliert this week had dismissed with costs Bestino Group Berhad’s application for stay of proceedings in a suit brought against it by subscribers to a gold investment scheme.

Bestino had sought the stay pending the disposal of a criminal case brought by Bank Negara against the company and its directors.

Judge Harminder Singh heard the application in chambers. He ruled that the investors were entitled to proceed with their suit.

Thilaga Kaliaperumal, the plaintiffs’ lawyer, said this was a small victory for the investors but cautioned that a long legal battle lay ahead.

“Many have invested their savings in Bestino and our clients have instituted this suit in order to salvage whatever that remains of their investment,” she added.

Small victory for Bestino investors

For background, click on the following:

  1. IPOH: An Ipoh-based company, Bestino Group Bhd, which was raided by Bank Negara Malaysia (BNM) and the Securities Commission (SC) in June last year on suspicion of …

    www.freemalaysiatoday.com/…/macau-hand-in-ipoh-gold-scam – Cached

  2. Bestino collected the last of their gold bars from investors on 30th April 2009. Less than 2 months after this, they were raided and their bank account frozen.

    besti-news.blogspot.comCached

The raids on Bestino Group Berhad and its related companies…

Berhad and its related companies we

Bestino Group Berhad 21 May 2012 Case was mentioned at Ipoh Sessions Court. Next mention date is fixed on 25 July 2012.
23 April 2012
  • Case was mentioned at Ipoh Sessions Court.
Next mention date is fixed on 21 May 2012.
20 February 2012
  • The above case was set for hearing from 20 February 2012 to 23 February 2012.
  • However, on 20 February 2012, the Court granted postponement pending the outcome of the Court of Appeal in the case of Gan Boon Aun.
Next mention date is fixed on 23 April 2012.
14 November 2011
  • Case was mentioned at Ipoh Sessions Court.
Next mention date is fixed on 19 December  2011.
19 September 2011
  • Case was mentioned at Ipoh Sessions Court.
Next mention date is fixed on 14 November 2011.
25 July 2011
  • Case was mentioned at Ipoh Sessions Court.
Next mention date is fixed on 19 September 2011.
23 May 2011
  • Case was mentioned at Ipoh Sessions Court.
The court will fix the trial dates on 25 July 2011.
15 April 2011
  • Case was heard (mentioned) at Ipoh Sessions Court.
The Judge allowed for prosecution’s application for joint trial of the BAFIA & AMLATFA charges.Next mention date is fixed on 23 May 2011.
11 April 2011
  • Joint trial application for BAFIA & AMLATFA charges were heard at Ipoh Sessions Court.
The Court will give its decision on 15 April 2011 on the prosecution’s application for joint trial for all charges.
23 February 2011
  • Chong Yuk Ming, Goon Koon Lee, Chang Kuei Geh and Ho Chee Cheong, the directors of Bestino Golden House Sdn.Bhd. were charged at Ipoh Sessions Court for an offence under Section 25(1) of the Banking and Financial Institutions Act (BAFIA) 1989 and Section 4(1) of the Anti-Money Laundering and Anti-Terrorism Financing Act 2001 (AMLATFA).
Bail amount for each accused was set at RM1.5million with 2 sureties (one of it must be a family member) and passport to be surrendered to the Court.The court set date on April 11, 2011 to hear on the prosecution’s application for joint trial for all charges.
16 June 2009
  • Bank Negara Malaysia and the Securities Commission Malaysia have commenced investigations into Bestino Group Berhad and its related companies suspected of conducting illegal deposit taking and illegal investment schemes, in breach of subsection 25(1) of the Banking and Financial Institutions Act 1989 (BAFIA) and the offering for subscription or purchase of preference shares in breach of section 212(2) of the Capital Markets and Services Act 2007
  • The raids on Bestino Group Berhad and its related companies were conducted at their premises in Ipoh, Perak and Petaling Jaya, Selangor following complaints received from members of the public.

—–

Free Malaysia Today

Bestino investors’ ‘Occupy Putrajaya’ called off

B Nantha Kumar | October 31, 2012

The Bestino Action Committee decides to call off its Occupy Putrajaya campaign after a meeting the prime minister’s special officer.

PETALING JAYA: The Bestino gold scheme investors have called off their ‘Occupy Putrajaya’ campaign after the Prime Minister’s Office today agreed to hold a discussion with them.

Speaking to FMT, the investors’ spokesman K Kunasegaran said the campaign, which kicked off yesterday, was called off after the Bestino Action Committee met Prime Minister Najib Tun Razak’s special officer Ravin Ponniah at the Prime Minister’s Office in Putrajaya this morning.

Bestino was one of the nation’s largest gold investment scheme involving more than 6,700 investors nationwide who had invested more than RM400 million.

The gold trading company was operated by Perak-based gold merchant Chong Yuk Ming before it was closed down by Bank Negara Malaysia in 2010 for alleged money laundering.

The central bank also froze RM24 million following the raid.

Bestino investors’ ‘Occupy Putrajaya’ called off

—–

Malaysiakini

Gold scheme investors camp out at PMO gates
  • Aidila Razak
  • 4:03PM Oct 30, 2012

Not taking no for an answer, about 200 investors in a gold bar scheme today set up camp at the Prime Minister’s Office (PMO) gates in Putrajaya until they secure an appointment with the premier.

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Equipped with mats, tents, pots and stoves, the group mainly comprised middle-aged and elderly former blue-collar workers from across the nation, who had poured their life savings into the failed Bestino gold scheme.

“We are not doing this for fun. The PM has made this choice (for us to camp out here) as he cannot meet with us or even grant us an appointment within the next month,” group spokesperson K Kunasekaran said.

He said the decision to camp out arose after a previous attempt to secure an appointment was met with the reply that the matter had been referred to Bank Negara Malaysia (BNM).

A busload of investors had turned up at the PMO on Oct 18 to seek the appointment.

Gold scheme investors camp out at PMO gates

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BEFORE GENNEVA GOLD, THERE WAS BESTINO

Bestino was the nation’s largest gold investment scheme. It had collected more than RM411million from investors before Bank Negara and Securities Commission officers raided it 2010 on suspicion of money laundering.

Since then, investors have been trying to get back their money by petitioning both Bestino and Bank Negara.

Kunasegaran’s committee claims to represent all of the investors, who number 6,746.

Free Malaysia Today

Gold investors to occupy PMO

B Nantha Kumar | October 19, 2012

They are tired of being given the runaround.

PUTRAJAYA: Investors in the Bestino gold scheme will demonstrate outside Prime Minister Najib Tun Razak’s office to pressure him to meet them over their grievances.

The “Occupy PMO (Prime Minister’s Office)” rally will begin on Oct 30, according to K Kunasegaran of the Bestino Action Committee. He did not say how long the demonstration would last.

He alleged that a PMO official treated the committee members badly yesterday when they tried to book an appointment with the Prime Minister and was dishonest about the whereabouts of Najib’s special officer for Indian affairs, Ravin Ponniah.

“We were told Ravin was in Parliament, but we knew that he had finished a meeting with Bukit Jalil ex-plantation workers in his office just five minutes before our arrival,” he said.

“This is just one example of how the Najib administration ignores the interest of the public while pleading for our votes.”

Gold investors to occupy PMO

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