Warning over GCG Asia after false claims

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The Labour Ministry asks all Cambodian people in South Korea no longer to fall for the scams of GCG Asia Co., LTD. The cash [Cambodians] earn ought to be sent to their families to expand farms, houses, and the schooling of their brothers or sisters, now not to shop for crypto forex – that is unlawful.

“I remembered the Venerable Pov Sopheak telling me that there were some rascals from Cambodia and Malaysia who go to Korea to advertise and sell cryptocurrency to Cambodians there. Please, be wary of them. They sell cryptocurrency. Those who [make a profit] are their bosses.” This came from Heng Sour, posted on Facebook on Friday, May 17.

The Prime Minister on May 16 warned the public of Kuala Lumpur-primarily based GCG Asia, which falsely claimed it had the complete support of the authorities for their crypto foreign money enterprise. GCG Asia claims the National Bank and the Bank of China as partners inside the crypto foreign exchange, however, the Indonesian Embassy says the corporation is at the Black List n that the promoter is needed via Indonesian police.

The Prime minister said: “Recently, GCG Asia posted pictures of me, and named me as a fan of theirs, and that I’ll join their ribbon-cutting ceremony in Cambodia on May 20, 2019, on their website. It is not true. All relevant authorities are to monitor and investigate the offender and immediately punish them in accordance with the law. Citizens and businessmen, in and out of the country, be wary of buying unauthorized exchange money – purportedly from the Royal Government of Cambodia.”

Hours after the PM reacted, the police arrested two senior officials of GCG Asia for illegally using the PM’s name and photos to promote their enterprise. Their offices have been briefly closing down.

Warning over GCG Asia after false claims

Warning over GCG Asia after false claims

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The second warning about GCG Asia

The second warning about GCG Asia

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Fraudulent cryptocurrency, GCG Asia operations closed

Fraudulent cryptocurrency, GCG Asia operations closed

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Investigations continue against GCG Asia

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Darren Yaw, from GCG Asia, wife released, he still in custody

Darren Yaw, from GCG Asia, wife released, he still in custody

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