OI KENA BODOH

Singapore tycoon Oei sues Goldman Sachs for currency losses

SEPTEMBER 26, 2013

Goldman Sachs has been sued by a Singapore businessman for allegedly giving misleading advice that cost him 3.18 billion yen (RM104.07 million) in losses on currency options, according to court documents seen by Reuters.

Oei Hong Leong, ranked 32nd on Singapore's rich list by Forbes with a net worth of US$745 million (RM2,406 million), wants Goldman to compensate him for the losses as well as pay him interest and costs. Oei also wants the court to award him damages.

Goldman has rejected Oei's claim, with a spokeswoman in Hong Kong saying, "We believe the lawsuit is without merit and we intend to vigorously contest it."

Oei said in a statement of claim that he had on May 15 made two bets that the Brazilian currency will appreciate against the yen on the advice of a Hong Kong-based Goldman banker.

Oei, who had been betting that the US dollar will rise against the yen, claimed that the Goldman banker, Mats Dewitte, had told him the real was anchored to the dollar and that by switching from the greenback, he would also benefit from higher interest rates earned on the Brazilian unit.

"Many clients are turning to EMFX/Yen plays instead of USDJPY to earn greater carry/yield... BRL vs USD volatility is low because the central bank is anchoring BRL to USD," Oei quoted Dewitte as saying in an email that the businessman reproduced in a claim dated September 20.

EMFX refers to emerging markets foreign exchange, while BRL and USD are the codes for the Brazilian and US currencies.

But since Federal Reserve Chairman Ben Bernanke raised the prospect of ratcheting down the Fed's economic stimulus in late May, the Brazilian real has been one of the biggest losers among emerging market currencies.

Dewitte and the law firm representing Oei declined to comment.

Oei had in 2009 sued Citigroup's private banking arm for alleged negligence and misrepresentation after he made an estimated loss of US$1 billion on foreign exchange and US Treasury bond transactions in 2008. That case was subsequently settled out of court. – Reuters, September 26, 2013.

sumber: http://www.themalaysianinsider.com/business/article/singapore-tycoon-oei-sues-goldman-sachs-for-currency-losses

Nota:

oi oh oi

ini dulu sekolah kat mana?

kenapa oii ini bodoh sangat?

dulu masa kat sekolah ponteng kelas

sekarang jadi bodoh

padan muka!

goldman sach ini sapa punya?

ben bernanke ini siapa?

apakah talian antara ben dan goldman?

kalau soalan ini pun tak boleh jawab

baik duduk senyap senyap 

kalau bodoh jangan bagitahu orang ramai

RINGGIT DALAM KOTAK PANDORA

Genneva ex-bosses slapped with 923 charges on illegal gold trading involving RM5.5 billion

BY JENNIFER GOMEZ
SEPTEMBER 27, 2013

Six former senior officials of gold trading company Genneva (Malaysia) Sdn Bhd were slapped with 913 money-laundering and 10 illegal deposit-taking charges involving RM5.5 billion at the Jalan Duta Sessions Court today.

Four of them, former directors Datuk Philip Lim Jit Meng and Datuk Tan Liang Keat, general manager Lim Kah Heng and advisor Datuk Ng Poh Weng, who charged with both offences, were granted bail of RM1.1 million each.

Two others, advisors Marcus Yee Yuean Seng and Chin Wai Leong, who faced money-laundering charges, were allowed bail of RM100,000 each.

In a different court, Genneva the company, Tan and Philip Lim, were charged with putting up false advertisements that their business was syariah-compliant. The money-laundering offences were allegedly committed between January 10, 2011 and October 1, 2012.

The six claimed trial to all the charges before Sessions judge Mat Ghani Abdullah. The prosecution was led by Dzulkifli Ahmad who was assisted by Bank Negara Malaysia prosecuting officer Alvin Ong.

Previously, Ng, Yee and Chin faced over 200 charges of money laundering involving more than RM140 million but were acquitted after the court held that the three, who were former directors of another company called Genneva Sdn Bhd, were engaged in a genuine gold trading business. Genneva Sdn Bhd was raided by Bank Negara in July 2009 for allegedly running a dubious gold trading scheme.

In October last year, the Bank Negara also raided Genneva Malaysia Sdn Bhd and its affiliates.

Bank Negara froze Genneva Malaysia’s accounts, cheques and other assets worth RM99.8 million besides seizing 126kg in gold bullion on suspicion that the company had violated various banking and financial laws which included taking deposits without giving gold in return, money laundering, evading taxes, appointing agents without licence, failing to file statutory documents, and misrepresenting itself as an investment firm and giving false descriptions on its business after several people lodged complaints with the police.

Last December, nine investors sued Genneva Malaysia and four of its directors — named as Tengku Muhaini Sultan Ahmad Shah, Philip Lim Jit Meng, Ahmad Khairuddin Ilias and Tan Lian Keng — to get back over RM2 million in investments.

They claimed the firm had carried out fraud and misrepresented the scheme as compliant with syariah law. – September 27, 2013.

sumber: http://www.themalaysianinsider.com/malaysia/article/genneva-ex-bosses-slapped-with-923-charges-on-illegal-gold-trading-involvin

Nota:

naik turun mahkamah

saman samun

ini semua buang maasa
berita ini dikeluarkan untuk mengolah persetujuan orang ramai bahawa penyamun genenva telah ditangkap. dan kes ditutup.

soalan

kemana pergi nya billion ringgit?

adalkah billion ringgot ini disimpan didalam kotak pandora?

siapakah yang ada kunci kotak pandora ini?

cuba tanya mamat ini

siapakah lelaki misteri ini?

jengjeng jeng