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Gold mining investors in S'pore desperate to recoup money

Their investments in VGMC, APGMI are in limbo; many fear the worst, some make police reports

BT_20151217_AGLONDON16_2026476.jpg
Neither VGMC nor APGMI are licensed or regulated by the Monetary Authority of Singapore. While VGMC turns up on the regulator's investor alert list, APGMI does not.

BT_20151217_AGLONDON16_2026476.jpg
Neither VGMC nor APGMI are licensed or regulated by the Monetary Authority of Singapore. While VGMC turns up on the regulator's investor alert list, APGMI does not.

Singapore

FOUR years ago, Aloysius, a 28-year old croupier at a casino in Singapore, coughed up S$7,000 to invest via online in Virgin Gold Mining Corp (VGMC), a Panama-headquartered mining investment vehicle that promised hefty returns and a stock offering down the road (it didn't happen

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