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- Deposit-taking_co-operative abstract "Deposit-taking co-operatives were a form of non-banking financial company (NBFC) in Malaysia. It started with Chinese Society but later several Malay co-operatives were set up. Some became insolvent which led to a run on banks in 1986. The Cooperative Central Bank and 23 other deposit-taking co-operatives had their assets frozen by the Malaysian central bank, Bank Negara Malaysia. Their crash caused a major political crisis when the government was requested to bail out risk-taking investors. The Malaysian cabinet eventually did approve a plan to reimburse the depositors in the failed co-operatives but the co-operative sector of the economy never recovered.These institutions became identified as a type of pyramid scheme because of the need to continuously attract new depositors in order to meet obligations. Now, these schemes are outlawed and are known as Kuttu or get-rich-quick schemes. On October 20, 2008 Bank Negara Malaysia seized several more institutions: BuluhMas, Jazmeen (of Indian/Mamak origins), Noradz and Eastana Farms.Officially, these deposit-taking co-operatives are subject to the financial acts governed by the Minister of Finance. Malaysia Companies house SSM have recently released the top 100 Co-ops list on their site for the public perusal. Organisations which are not banks or do not have Koperasi and Berhad in their name are not allowed to take deposits. Some only allow memberships from their own related company and may allow family members to join in (commonly known as Friendly Mutual in the UK).".
- Deposit-taking_co-operative wikiPageID "7322369".
- Deposit-taking_co-operative wikiPageLength "2894".
- Deposit-taking_co-operative wikiPageOutDegree "6".
- Deposit-taking_co-operative wikiPageRevisionID "675195963".
- Deposit-taking_co-operative wikiPageWikiLink Bank_Negara_Malaysia.
- Deposit-taking_co-operative wikiPageWikiLink Category:Economy_of_Malaysia.
- Deposit-taking_co-operative wikiPageWikiLink Get-rich-quick_scheme.
- Deposit-taking_co-operative wikiPageWikiLink Malaysia.
- Deposit-taking_co-operative wikiPageWikiLink Non-banking_financial_company.
- Deposit-taking_co-operative wikiPageWikiLink Pyramid_scheme.
- Deposit-taking_co-operative wikiPageWikiLinkText "Deposit-taking co-operative scandal".
- Deposit-taking_co-operative wikiPageWikiLinkText "deposit-taking co-operative".
- Deposit-taking_co-operative wikiPageUsesTemplate Template:Malaysia-stub.
- Deposit-taking_co-operative wikiPageUsesTemplate Template:Reflist.
- Deposit-taking_co-operative subject Category:Economy_of_Malaysia.
- Deposit-taking_co-operative hypernym Form.
- Deposit-taking_co-operative type Economy.
- Deposit-taking_co-operative type Page.
- Deposit-taking_co-operative comment "Deposit-taking co-operatives were a form of non-banking financial company (NBFC) in Malaysia. It started with Chinese Society but later several Malay co-operatives were set up. Some became insolvent which led to a run on banks in 1986. The Cooperative Central Bank and 23 other deposit-taking co-operatives had their assets frozen by the Malaysian central bank, Bank Negara Malaysia. Their crash caused a major political crisis when the government was requested to bail out risk-taking investors.".
- Deposit-taking_co-operative label "Deposit-taking co-operative".
- Deposit-taking_co-operative sameAs Q5260773.
- Deposit-taking_co-operative sameAs m.025z3pw.
- Deposit-taking_co-operative sameAs Q5260773.
- Deposit-taking_co-operative wasDerivedFrom Deposit-taking_co-operative?oldid=675195963.
- Deposit-taking_co-operative isPrimaryTopicOf Deposit-taking_co-operative.