Land Banking-Central Bank of Malaysia Raids Walton International Property Group (M) Sdn Bhd!
General public is advised to put their Land Banking investment on hold as one of the Top Land Banking company, Walton International Property Group (M) Sdn Bhd, was raided by Central Bank of Malaysia on 5 March under Exchange Control Act (ECA) 1953.
The raids were simultaneously conducted at the campany’s premises in Kuala Lumpur, Kota Kinabalu and Kuching, Malaysia.
This raid operation DO NOT comes in as a surprise because other Land Banking like UK Land International (M) Sdn Bhd, Profitable Plots Sdn Bhd and Edgeworth Properties (Malaysia) Sdn Bhd was raided on 24 October 2008. Read more HERE
Potential Land Banking Investor need to do proper due diligent before committing in this oversea Investment. This include seeking some truly independent legal advice as the investment is located oversea.
International Land Banking investment is unlike financial services is not currently regulated by any one specific Government body.
Most investor also failed to understand all the risks involved when buying Land Banking abroad.
Get all the facts that required and DO NOT just depend on information from your friendly Land Banking Sales Consultant.
Learn What they DO NOT WANNA TOLD YOU About Land Banking HERE
The key to success in Land Banking Investment is to take Responsibility and do your Own Research!
This is the Press Statement Release from Central Bank of Malaysia:
Bank Negara Malaysia Raids Walton International Property Group (M) Sdn Bhd
On 5 March 2009, Bank Negara Malaysia raided Walton International Property Group (M) Sdn Bhd under the Exchange Control Act (ECA) 1953. The raids were simultaneously conducted at the premises of the company in Kuala Lumpur (W. Persekutuan), Kota Kinabalu (Sabah) and Kuching ( Sarawak ) following complaints received from members of the public. Relevant documents of the company were seized for purpose of the investigation.
Members of the public are advised to be cautious of this type of land banking schemes promoted by the company. Any elements of deposit-taking activities and public offerings such as ‘interest schemes’ or investment in real estates schemes (better known as ‘real estate investment trusts’ – REITs) should be referred to the appropriate authorities such as Bank Negara Malaysia, Suruhanjaya Syarikat Malaysia and Suruhanjaya Sekuriti. Members of the public are also advised to use lawful remittance channels when making payment or sending money overseas. A list of legitimate remittance channels can be referred at the Bank Negara Malaysia’s website ( www.bnm.gov.my) for either licensed banks or licensed non-bank remittance operators.
For further enquiries, members of the public can contact Bank Negara Malaysia at the following contact points:
Laman Informasi Nasihat dan Khidmat (BNMLINK)
(Walk-in Customer Service Centre)
Ground Floor, Block D
Jalan Dato’ Onn
50480 Kuala Lumpur
BNMTELELINK (Customer Service Call Centre)
1-300-88-5465 or
E-mail: bnmtelelink@bnm.gov.my
Bank Negara Malaysia
6 March 2009
Source: Central Bank of Malaysia
BNM Raids Walton International Property Group
KUALA LUMPUR, March 6 (Bernama) — Bank Negara Malaysia (BNM) Thursday raided Walton International Property Group (M) Sdn Bhd following complaints from the public on land banking schemes promoted by the company.
In a statement here today, BNM said the raids were simultaneously conducted at the premises of the company in Kuala Lumpur, Kota Kinabalu and Kuching.
The central bank advised the public to be cautious of this type of land banking schemes promoted by the company.
“Any elements of deposit-taking activities and public offerings such as interest schemes or investment in real estate schemes should be referred to the appropriate authorities such as BNM, Suruhanjaya Syarikat Malaysia and Securities Commission,” it said.
It advised the public to use lawful remittance channels when making payment or sending money overseas.
“A list of legitimate remittance channels can be referred at the bank’s website, www.bnm.gov.my for either licensed or licensed non-bank remittance operators,” it said.- Source: BERNAMA,Malaysian National News Agency
Would you like to know the truth about TSI?? I know but I am on the inside and would like to expose them for who they really are.
Investors should be protected and i will be happy to tell anyone but not here as what I know is very confidential and I need to protect my identity.
The Fox
Yes! any leads or revelation about them? as I was approached by them in 2006 via email.
I would like to ask for anyone’s opinion, if you know about Kingsbury International (M) Sdn Bhd regarding the Texas landbanking investment. Reliable or not?
I know one of the owners of Sovereign wealth management and know him personally through church. I caught him lying hence eventhough he tried to give along stare eye ball to convince you it is a good investment it is a scam.He is busy money laundering and recently bought a sports car. This is a so called get rich scheme he created after leaving walton with other ex-walton. Hence keep your wallet tight or invest in other verified investments with money management.
Quote “Wang on May 3rd, 2012”
My friend bought a so called 0.1acre last year with this company, Kingsbury International. According to my friend, she yet to get the title deed as at todate, as what promised by the Company would be getting the title deed within 3 months, upon signing agreement.
She has to call to the company to chase the title deed every month again and again by getting empty promises.
I am wondering how genuine is this purchase from this company????
can anyone update me on the news of KPWG or previously known as uk land international status?