THE money was supposed to be deposited into Besra Gold in December 2023, as part of a RM1.4 billion investment by Quantum Metal into Besra Gold. READ : Quantum Metal's RM1.4 billion investment into Besra Gold
AS at November 2023, READ : Quantum Metal had successfully transferred some RM120 million into the Australian company, and the transfers mainly from Malaysia came to an abrupt end.
IT came to an abrupt end in December, when the Australian Central Bank, known as the Reserve Bank of Australia, started to refuse money wired by Quantum Metal and had ordered the closure of all of Quantum Metal's Australian bank accounts VIEW : Scroll to Besra Gold's Announcement to the Australian Stock exchange on March 28 2024.
IT was only then did Bank Negara Malaysia did something very strange.READ : Quantum Metal institusi pelapor, tidak perlu lesen BNM.
STRANGE because the central bank was basically repeating itself, perhaps having forgotten that VIEW : sometime near June 2021, it had already raised the red flag on Quantum Metal, without doing anything else other than pass the buck to the Securities Commission.
THE Royal Malaysian Police understanding the seriousness of the matter, and perhaps even the possibilities that about RM1.2 billion might still be in Malaysia, has brought the baby right back to the front door of the Malaysian central bank.
OH if you wondering why Chin Boon Long's face is up there, well because there definitely is a part 2 to this story.