A friend called this morning. He is an investor in Bank Rakyat. Bank Rakyat has the reputation of paying solid dividends in excess of 10% to its “members” for a very long time.
People who invested RM250,000 in Bank Rakyat have become millionaires or almost millionaires.
Bank Rakyat’s dividends are usually declared and paid by the first quarter (so my friend says). But this year so far there has been no declaration or payment of dividends.
My friend says he called Bank Rakyat to find out and there was no proper answer by Bank Rakyat. The staff who answered the phone are not able to say anything.
They did not say that dividends will be paid soon, just wait for the notification, the cheque is on the way or any such thing. There is no conclusive answer from Bank Rakyat.
I say Bank Rakyat what is going on?
If there is anyone who knows about this, if there is something else going on, please share with us.