Bank Negara clarifies links with Bestino Golden House

KUALA LUMPUR: Bank Negara says it is not involved in any proposal made by Bestino Golden House Sdn Bhd as reported in several newspapers yesterday.

The reports said Bestino Golden House would return monies to investors in its plans, through an administrator agreed upon by the central bank. “We wish to notify the public that any arrangement announced by Bestino Golden House in the news report was a private arrangement between the company and its investors,” the central bank said in a statement here yesterday.

A case against the directors of Bestino Golden House was on-going and the next date of hearing had been fixed for Sept 19, 2011.

Four directors were charged at the Ipoh Sessions Court on Feb 23 with illegal deposit taking under section 25(1) of the Banking and Financial Institutions Act 1989 and section 4(1) of the Anti-Money Laundering and Anti-Terrorism Financing Act 2001, it said. – Bernama