Bank Negara raided Pan Phoenix Dina Sdn Bhd and its related companies in Kota Baru and Kuala Lumpur over suspected illegal deposit-taking and money-laundering activities.
The central bank said the raids were carried out following complaints from the public. These illegal activities are offences under the Banking and Financial Institutions Act 1989 and the Anti-Money Laundering and Anti-Terrorism Financing Act 2001.
“Relevant assets and documents of the companies were seized for purpose of investigation,” it said in a statement.
This was the third time within a week that Bank Negara investigated and raided companies over suspected illegal deposit-taking and money-laundering activities.
On April 4, the central bank said it was investigating Mercantile Point Sdn Bhd and Sunshine Empire Sdn Bhd and their related companies suspected of conducting illegal deposit-taking and money-laundering activities.
Bank Negara raided Mercantile Point and its related companies on April 2, while the raids on Sunshine Empire and its related companies were made on April 4.
The raids were also carried out in the premises of these companies around Kuala Lumpur following complaints from the public. It also seized relevant assets and documents for investigations.
Bank Negara reminded members of the public not to place money or deposits with companies not licensed by the central bank or to be involved in any “get-rich-quick” scheme.
It said the list of all the licensed institutions that accept deposits was available on its website at www.bnm.gov.my
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