CAD probing The Gold Guarantee
Published on Feb 2, 2013 11:39 PM
The Commercial Affairs Department (CAD) is investigating The Gold Guarantee.
Explaining the nature of its probe against the gold trading firm, the CAD said it is "focused on the business practices of the company" and whether criminal offences have been committed.
"If there is criminal wrongdoing, the CAD will do its best to ensure that monies that have been illegally obtained are recovered and properly dealt with according to the law," said the white-collar crime busters recently in an advisory posted on its website.
This development comes after two dozen unhappy clients of The Gold Guarantee visited the CAD on Jan 25 to lodge complaints.
To continue reading, log in if you are a subscriber
Enjoy 2 weeks of unlimited digital access to The Straits Times. Get your free access now!