Gold investment firm director 'goes missing'

 
Read? S$50m lost in alleged scam

Published on Jul 22, 2012
ME & MY MONEY

Debtor's appetite for risk pays off

Q: And your best investment to date?

I have since made close to a million from trading in gold bullion.

I started by buying 100g for about $7,000 in late 2009. I was a trader and would use my commissions to buy more.

Read? Debtor's appetite for risk pays off


What happened three years later ....

At least seven police reports have been made against a Singaporean businessman who is believed to have gone missing after allegedly taking his clients' money and gold.

Half a dozen local investors of Valiant Capital, a Singapore-registered gold trading company, said they had not received the dividends they were promised and had been unable to contact its director Simon Goh Chee Kin since June.

They invested a total of more than $2.5 million with the company, the six told The Straits Times.

 Read? Gold investment firm director 'goes missing'