BANK Negara Thursday raided Walton International Property Group (M) Sdn Bhd following complaints from the public on land banking schemes promoted by the company.

The central bank said in a statement yesterday that the raids were simultaneously conducted at the premises of the company in Kuala Lumpur, Kota Kinabalu and Kuching.

It advises the public to be cautious of this type of land banking schemes promoted by Walton.

“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 Bank Negara, Suruhanjaya Syarikat Malaysia and Securities Commission,” it says.


 

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