Monthly Archives: November 2012

Thank you Tun M, you are still our HERO

 Thank you Tun for answering us, re:

Dear Genneva Malaysia Supporters,

When Tun Mahathir was asked if Barisan Nasional expected a political fallout over the issue (unjust raid by Bank Negara Malaysia on Genneva Malaysia Sdn Bhd, 1st October 2012), he replied: “I don’t know about backlash from the government, but I think we should be watchful and cautious when taking decisions like that without fully appreciating the problem. Source:

We have seen the political power of social media around the world. We have seen how social media can have an impact on governments and social issues. This is the time to have it on our side, the innocent side.

So you heard the “Ironman”. Lets stand behind Tun Mahathir.

Let’s build Genneva Malaysia Supporters strength in numbers to back up Tun.

  1. Please take time get all your consultants and customers to “LIKE” GMS FB by emailing them the following links and to watch a short tutorial on How To Join Facebook at
  2. For those already on FB, not only click “Like”; click “SHARE” to post the articles at your FB wall. This will appear in the Newsfeeds of your FB friends.
  3. Enlighten and get the support of your FB friends, SHARE the note Genneva Gold 101.

Start right this minute; “Like” and SHARE this note. Lets all stand behind the “Ironman” Tun Mahathir.

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Summary: Legal advise from panel of lawyers

 For consideration, compiled by GMS Steering Committee 

Under Civil Law, anyone can bring to the Court of Law a 3rd party claim

  1. Time (minimum of 3 years and it could just go on for years);
  2. Cost (Open File costing is between RM10,000 to RM1 Million. This excludes all other costs that will be incurred)
  3. Possible Negative Returns (in the event BNM has a positive decision on the investigation and GMSB is back in operations, your claim will continue)


Scenario 1 – For those with physical gold

  1. Continue to hold on. Price appreciation would be your gain at a later time.
  2. For ad-hoc relief –
  • Pawn Shop. The average pawn shop would offer an interest rate of between 1.8% – 2% and the buying price may vary with the estimated price of between RM120 per gram to RM150 per gram pending on the price and the location. This is but an estimated guide.
  • Sell to gold wholesalers. There are several of such avenues depending on your location.
  • Bring your gold to other gold trading companies. Please be advised to look at the gold selling price of the company and make a comparison for on some occasion the difference in pricing would cause a reduction to the weight of gold you have with you.

Scenario 2 – For those waiting for gold to be released and awaiting collection

  1. The release of the company by Bank Negara Malaysia would enable the company to get back into operation and enable you to collect your gold.
  2. In the event Bank Negara Malaysia releases Genneva Malaysia with conditions, subject to the conditions, the company would likely advise on what the decision would be to enable you to collect your gold which may not be 100%. This is but a guide.
  3. Bank Negara Malaysia charges GMSB and the case drags. This is but a guide.

Point  to note  for all consultants and customers :

** Photocopy all the Genneva Malaysia queue number slips. As the slip is of thermal print out, a photocopy of the queue number slips is advisable.

Meantime, we continue to remain calm and pray for positive outcome.

Any other matters or constructive ideas to share, please add on.

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Process to Request for Permit to Assemble as per the Peaceful Assembly Act 2012


Like and share — For those planning to hold an assembly/march/rally/gathering in the coming weeks, below FYI, compiled by GMS Steering Committee after meeting with an OCPD on 20 November 2012…

  1. Write a letter to request for permission to assemble at the venue. Address to the person in charge of the venue. E.g. Bukit Jalil, Bank Negara Malaysia, etc (s11 of the PSA 2012)
  2. Wait for the reply from the person in charge. If the reply is positive, proceed to write a letter attentioned to the OCPD nearest to the venue intended for the assembly to request for a permit to assemble at the said venue. The organisers would need to fill up a form that is available at the said police station. (s9 of the PSA 2012)
  3. This letter to request for a permit to assemble needs to be submitted to the OCPD at least 10 days before the proposed date to assemble.
  4. The OCPD would revert within 5 days after the submission of the documents.
  5.  In the event the venue is not suitable, the OCPD would advise the organisers to select another location. Step 2 to Step 4 would need to be repeated with a proposed new date as the compliance to submit the letter to request for a permit would require at least 10 days would apply.
  6. The organisers would also need to ensure the following:
  • The proposed venue is not within 50meters of  hospitals, petrol kiosk, airports, railway stations, places of worship and schools.
  • Persons below the age of 15 cannot participate in the assembly
  • Persons below the age of 21 cannot be part of the organizing committee(organizer)
  • Assemblies in the form of street protest is banned.
  • All who assemble at the venue are considered the responsibility of the organisers. Should the police request for the removal of banners/placards/boards, the organisers must comply immediately. Should the police request for the crowd to be managed, the organisers must cooperate to ensure the crowd is controlled.
  • In the event of failure to comply with the conditions mentioned, the organisers would be held responsible and a fine of up to RM10,000 will be fined onto the organisers.

Related Links:

  1. Learn more about new Assembly Act –
  2. Peaceful Assembly Act 2012, Wikipedia –

NOTE from Admin: As requested by GMS Steering Committee, please SHARE this far and wide, by posting at your FB wall and emailing your customers. Thank you.

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The writing is on the wall

People's Perception - Let down by the government

Top of everyone’s minds … What are Bank Negara and Barisan Nasional doing now? Why so slow? Who are they really protecting? The above image gone viral on Facebook is the perception of those who are personally affected and whose livelihoods were robbed in broad daylight on 1 October 2012. The majority assumes the authorities are always right and turn a blind eye to those crying for help, human rights and justice until they are personally hit.

Genneva customers who were “sleeping” (not politically conscious or not bothered with what’s happening beyond their backyards) has woken up thanks to BNM’s unjust raid of Genneva Malaysia Sdn Bhd.

By the end of each month since the unjust raid, 60,000 Genneva customers will feel the pinch harder without hibah and consultants will be without their commissions, their livelihoods. What will happen to their dependents from aged parents to children and the sick from all communities and all walks of life?

Customers have gone to UMNO including the highest authority, the Prime Minister who is also the Minister of Finance to plead their case. Yet no answer is forthcoming.

What will Genneva customers do? What is their last recourse for what it is worth? Our take, these Genneva customers and their dependents will not only make it a point to go to the polls at GE-13. They will probably join the awakened citizenry (who upholds integrity, justice, and the rule of law over any other interests is necessary to combat corruption) to CAMPAIGN for the opposition.

Marketing experts will agree nothing beats “word of mouth” and “testimonials” in any marketing campaign, be it products, services or causes. Coupled with social media such as Facebook, Tweeter, etc; hundreds of thousands more will read about Genneva customers plight via Viral Marketing on the internet and on the ground during the General Election campaign period nationwide.

Who is more believable at general election campaigns? The rants of mega scandals and wastage of tax payers money exposed (view list of alleged scandals below) or listen to these Genneva customers and their dependents who tell their own true stories at election campaigns how Bank Negara Malaysia, Ministry of Finance, Ministry of Trade and Consumer Affairs, etc had done them in?

Who holds the top four positions in each Ministry … politicians, elected government voted in by the rakyat at general elections.

When will the next General Election be held? … Anytime before March 2013.

Writing on the wall

The writing is on the wall, literally on Genneva Malaysia Supporters FB wall.

**Note from Admin: No permission required to publish this in any media.

———- Forwarded message ———-


Listed are the wrongdoings & corruptions.

1. PKFZ RM12 billion

2. Submarine Commission RM500 million

3. Sime Darby RM964 million

4. Paya Indah Wetland RM88 million

5. Pos Malaysia (Transmile) RM230 million lost

6. Eurocopter deal RM1 billion wasted?

7. Terengganu Stadium collapse RM292 million

8. MRR2 repair cost RM70 million

9. Maybank overpaid BII RM4 billion

10. Tourism – NYY kickback RM10 million

11. 3 paintings bought by MAS RM1.5 million

12. Overpayment by Sport Ministry RM8.4 million

13. London’s white elephant sports complex RM70 million

14. MATRADE repairs RM120 million

15. Cost of new plane used by PM RM200 million

16. InventQ irrecoverable debt RM228 million

17. Compensation for killing crooked bridge RM257 million

18. Loss in selling Augusta RM 510 million

19. Worth of APs given out in a year RM1.8 billion

20. Submarines (future Muzium Negara artifacts) RM4.1 billion

21. PSC Naval dockyard RM6.75 billion

22. The Bank Bumiputra twin scandals in the early 1980s saw US$1 billion losses (RM3.2 billion in 2008)

23. The Maminco attempt to corner the World Tin Market in the 1980s is believed to have cost some US$500 million (RM1.6 billion)

24. Betting in foreign exchange futures cost Bank Negara Malaysia RM30 billion in the 1990s

25. Perwaja Steel’s US$800 million (RM2.56 billion) losses

26. Use of RM10 billion public funds in the Valuecap Sdn Bhd operation to shore up the stock market

27. Banking scandal of RM700 million losses in Bank Islam

28. The sale of M.V. Agusta by Proton for one Euro making a loss of €75.99 million (RM348 million) Same as No.20?

29. Wang Ehsan from oil royalty on Terengganu RM7.4 billion from 2004 – 2007

30. For the past 10 years since Philharmonic Orchestra was established, this orchestra has swallowed a total of RM500 million. Hiring a Kwai-Lo CEO with a salary of more than RM1 million per annum!

31. In Advisors Fees, Mahathir was paid RM180,000, Shahrizat Abdul RM404,726 and Abdul Hamid Othman (religious) RM549,675 per annum

32. The government has spent a total of RM3.2 billion in teaching Maths and Science in English over the past five years. Of the amount, the government paid a whopping RM2.21 billion for the purchase of information and computer technology (ICT) equipment which it is unable to give a breakdown. Government paid more than RM6,000 per notebook vs per market price of less than RM3,000 through some new consortiums that was setup just to transact the notebook deal. There was no Maths &

Science Content for the teachers and the notebooks are all with the teachers’ children now.

33. The commission paid for purchase of jets and submarines to two private companies – Perimeker Sdn Bhd and IMT Defence Sdn Bhd amounted to RM910 million. Expanding on No. 2?

37. RM300 million to compensate Gerbang Perdana for the RM1.1 billion “Crooked Scenic Half-Bridge”

38. RM1.3 billion has been wasted building the white elephant Customs, Immigration and Quarantine (CIQ) facilities on cancellation of the Malaysia-Singapore Scenic Bridge

39. RM100 million on renovation of Parliament building which leaks

40. National Astronaut (actually tourist) Programme – RM40 million

41. National Service Training Programme – yearly an estimate of RM 500 million

42. Eye of Malaysia – RM30 million and another RM5.7 million of free tickets

43. RM2.4 million on indelible ink

44. Samy Vellu announced in September 2006 that the government paid compensation amounting to RM38.5 billion to 20 highway companies. RM380 million windfalls for 9 toll concessionaires earned solely from the toll hike in 2008 alone

45. RM32 million timber export kickbacks involving companies connected to Sarawak Chief Minister and his family.

46. Two bailouts of Malaysia Airline System RM7.9 billion. At a time when MAS is incurring losses every year, RM1.55 million used to buy three paintings to decorate its Chairman’s (Munir) office. Expanding on No.11

47. Putra transport system bailout which cost RM4.486 billion.

48. STAR-LRT bailout costing RM3.256 billion.

49. National Sewerage System bailout costing RM192.54 million.

50. Seremban-Port Dickson Highway bailout costing RM142 million

51. Kuching Prison bailout costing RM135 million

52. Kajian Makanan dan Gunaan Orang Islam bailout costing RM8.3 million

53. Le Tour de Langkawi bailout costing RM3.5 Million

54. Wholesale distribution of tens of millions of shares in Bursa Malaysia under the guise of NEP to cronies, children and relatives of BN leaders and ministers worth billions of ringgit.

55. Alienation of tens of thousands of hectares of commercial lands and forestry concessions to children and relatives of BN leaders and Ministers worth tens of billions of ringgits.

56. Since 1997, Petronas has handed out a staggering RM30 billion in natural gas subsidies to IPPs who were reaping huge profits. In addition, there were much wastages and forward trading of Petronas oil in the 1990s based on the low price of oil then. Since the accounts of Petronas are for the eyes of the Prime Minister only, we have absolutely no idea of the amount.

57. RM5,700 for a car jack worth only RM50

58. Government-owned vehicle consumed a tank of petrol worth RM113 within a few minutes

59. A pole platform that cost RM990 was bought for RM30,000

60. A thumb drive that cost RM90 was bought for RM480

61. A cabinet that cost RM1,500 was bought for RM13,500

62. A flashlight that cost RM35 was bought for RM143

63. Expenses for 1Malaysia campaign paid to APCO?

64. RM17 billion subsidy to IPP

65. US$24 million Diamond Ring for Ro$mah – Cancellation of Order – how much compensation?

66. CowGate … RM250 million

67. Monsoon Cup . . . RM800 million per year

68. Illicit Fund Transfers out of Malaysia (2000 – 2009) : RM 1,077,000,000,000!

69. Tajudin-Danaharta settlement to cover up for Dr M and Daim

70. Billions of ringgit toll concessions that disadvantage the government and taxpayers

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Post of the Day by Zaid Zulfa

BNM, whatever your plan is on Genneva the most basic act that you should have executed by now is to return the belongings of the public/purchasers. The gold bars, sell back & commission cheques & hibah belongs to the purchasers & consultants. There is no law or act in this world that says you can take away things that have been paid for (daylight robbery). You can continue your investigation as long as you want to & accused Genneva with all sorts of allegations or even create new ones, but please return back what belongs to the purchasers/consultants. You may then take the entire time you want to investigate.

Looking at things now, it indicates that you don’t hear & care for the people of Genneva. Regardless how much effort the clients, consultants & management of Genneva dedicates to resolve this matter in the rightful, etiquette, political & professional manner, you BNM will always portray us as the people who is on the wrong side of the court, no room given to claim & defend our rights.

This is because you are the law, you are above the law, you can manipulate the law, amend the law to tell the world that after 6 years of operating we are wrong, and basically you can do wonders. Even after revealing all Genneva’s biz documents & operation after your recent interrogations with the directors/clients/consultants till today nothing positive or right that you concur Genneva when some of the documents & biz flow is advice, verbally endorsed & directed by BNM during the Feb 2012 audit by BNM.

Please explain why BNM’s Director of legal department Mr Jeremy Tan audited Genneva Malaysia in Feb’12 & the outcome was no issue with the biz & operation model. Mr Jeremy allowed Genneva Malaysia to resume operation but with condition to announce in all major newspapers on who Genneva was. The announcement was made on 27 Feb 2012 in all major newspapers.

Click to view larger imageThe key content in the announcement was not to give a buy back guarantee to the public & Genneva is not an investment body but a pure Gold Trading company. You BNM blessed that announcement. You claim that you protect the public, taking away peoples belonging & keeping it for a long period of time is not an act of protecting. At the first place if it’s true that you are protecting you should have done so prior to Tun Dr Mahathir launched of the company, prior to Donald Lim DFM launched of the HQ office in Kuchai Lama. You knew about Genneva’s biz model very well when you raided Genneva Sdn Bhd & yet you let Genneva Malaysia operate all the way till Oct 1st 2012. What is your true intention actually?

BNM’s press statement of the 5th Nov, “The period of non-delivery have in some cases, exceeded five months”. If you are referring this clause to Genneva this is a big lie. Genneva’s delivery has never exceeded that long. All your press statements were general; you refused to specify which gold raided company belongs to which allegations. The way I view it you are cultivating confusion to the public & with the press involvement situations exaggerated. On top of that BNM uses the word “approximately” to reflect the amount of gold seized. For the amount of accounts & cash you sound to be accurate. It has been 37 days after raiding & yet BNM do not know the exact gold seized & again which gold raided company are you referring too? Frankly speaking BNM is not behaving as the world’s best central bank as reported by Global Finance Magazine.

Majlis FATWA, suddenly became silent? When Tun M launched the company Genneva was halal. Maintaining the same biz model till 2012 out of a sudden Genneva became haram in 2012. Why? Now the authorities took away what belongs to the people which they have paid for. What is the “HUKUM” like from the Islamic perspective? Halal? Haram? Out of a sudden the FATWA council just kept silence regarding this. The council should be renamed as THE CUSTOMISED FATWA Council. Why? You stand in the name of religion when there is a hidden need & when issue biases the council or when direction is given by a party who is much powerful then the FATWA council. In other words, in Islam, from the perspective of Malaysia FATWA council, Allah’s law can be overridden. Having saying that, I humbly proposed the council to rename itself as the Malaysia’s Munafiq FATWA council. The teaching of ISLAM & the prophet Muhammad (PBUH) is simple, if you put somebody’s life in misery regardless he/she is a Muslim you have committed a sinful act. I don’t need a PHD in Islamic studies to know that or voicing it out to the FATWA council. I am also conveying the above paragraph to PPIM & Ustaz Zaharudin.

I know that there is a possibility by posting what I have written here I might end up in the Malaysia Citizenship Alert List. I hope I won’t fall into such list because I am a loyal tax payer. I am voicing out what I believe is right. Some people may like/dislike or may not agree/agree with me, I don’t care. There are always 2 sides of a coin. All we want is what belongs to us that we have paid for. Just return it back & let our life’s continue as normal. Please don’t let this crisis drag much longer. Your cooperation & consideration on returning back our belongings is highly appreciated. You have the capability to transform 60,000 daily curses into beautiful prayers, thank you & blessing notes by returning what belongs to us. You are ranked as the world’s best central bank as reported by Global Finance Magazine, you obtained an “A” in your scorecard. Malaysia is ranked the 10th friendliest country by HSBC. PLEASE do not jeopardize all these ranks & titles. Last but not least all we asked for is our gold & money. Thank you.

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Post of the Day By Abdul Wahab

Salam 1 Genneva ,

Saya percaya situasi kewangan kebanyakan warga genneva yang menanti pembayaran hibah/komisen dan kebimbangan samada kita akan mendapat semula emas yang telah dibeli banyak memberi tekanan kuat kepada kehidupan seharian kita semua sejak 1hb Oktober lalu. Hidup kita menjadi terumbang ambing seperti dibadai ombak besar & ramai juga telah mula hilang pertimbangan mencari jalan untuk teruskan kehidupan yang amat sukar dimasa ini.

Kita sudah memohon , meminta , merayu & sebagainya kepada BNM , Tan Sri Zeti & YAB PM iaitu pemimpin yang kita percayai yang akan membela nasib rakyat yang memohon jasabaik mereka ketika dilanda masalah sebegini tapi malangnya semua usaha-usaha yang dibuat nampaknya seperti tidak dipedulikan langsung atau mungkin keberatan untuk mereka turun membantu seperti yag kita harapkan.

Saya percaya kesemua warga Genneva merasai kepahitan yang sama seperti yang saya lalui sekarang dan hidup dalam keadaan bimbang & tertekan setiap saat memikirkan masa depan rumit yang bakal ditempuhi nanti. Saya pasti ada juga yang mula hilang pertimbangan & mungkin melakukan sesuatu diluar dugaan jika jalan penyelesaian berterusan sebegini rupa. Yang pasti kuncu-kuncu dibawah pimpinan BNM , Tan Sri Zeti & YAB PM akan terus bertindak seolah-olah warga Genneva yang membeli emas ini melakukan satu kesalahan besar sahingga tiada ruang untuk dipertimbangkan bagi memulangkan emas pelanggan pelanggan Genneva ini.

Jika begini tindakkan yang bakal diteruskan oleh pihak berkuasa atau kerajaan yang dipilih oleh kita sendiri , saya bertekad bahawa saya , semua ahli keluarga saya & komuniti kami secara keseluruhan tidak akan menyokong pimpinan Barisan Nasional selepas ini kerana saya tidak memerlukan kerajaan yang tidak tahu bertimbangrasa terhadap kesukaran hidup rakyatnya malah bertindak tanpa prihatin terhadap rakyat yang teraniaya.

Wahai warga Genneva , saya memohon semua yang tersiksa hidup mereka sama seperti saya supaya menyokong & klik “LIKE” sebanyak mungkin jika anda bersetuju , menyokong & bertekad bersama-sama saya untuk beralih kepada kerajaan selain daripada BN.

Terima Kasih Suara Hati Warga Genneva

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