According to Business Times Malaysia (6th Sep), as reported by Roziana Hamsawi (bt@nstp.com.my)

THE Swiss Cash fund, an Internet-based investment programme promoted by Swiss Mutual Fund, has not been approved nor endorsed by the Securities Commission (SC).

SC and Bank Negara Malaysia issued a statement yesterday to inform the public that they should only invest through parties that have been licensed by the authorities.

"When in doubt, the public should check with Bank Negara, the SC or other relevant authority on the licensing status of the local or foreign company before making any investment," they said.

Swiss Mutual Fund, they said is not licensed nor exempted from licensing by Bank Negara to accept deposits. It is also not licensed by the SC to carry out asset management activities or services in Malaysia.

Swiss Cash fund is an Internet-based investment programme promoted by Swiss Mutual Fund, a fund management company claimed to be registered overseas. It offers the funds through the Internet and local agents.

Members of the public are advised to contact the SC and Bank Negara for enquiries on the fund at the following numbers: 03-62048999 (SC), 03-26910824 (Bank Negara).

More reasons why this is a scam:

• http://tuahemas.com/blog/e-biz/swisscash-scam/
• http://www.tuahemas.com/forum/showthread.php?t=105&highlight=swiss+cash
• http://www.scamfraudalert.com/showthread.php?t=1191

Swiss Embassy warning:

• http://www.eda.admin.ch/kualalumpur_emb/e/home.html