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<TABLE class=forumline border=0 cellSpacing=1 cellPadding=3 width="100%"><TBODY><TR><TD class=row1 vAlign=top width=150 align=left>Anything-Under-The-Sun
Joined: 10 Oct 2009
Posts: 812
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Posted: Sun Jun 13, 2010 1:10 pm Post subject: Profitable Plots investors stage protest</TD><TD vAlign=top noWrap>
</TD></TR><TR><TD colSpan=2><HR></TD></TR><TR><TD colSpan=2>A group of Profitable Plots investors held a protest against the company at the Speakers’ Corner on Saturday.
In a Channel NewsAsia (CNA) report, the investors are claiming that the Singapore-based investment firm owed them as much as S$200,000.
It was reported that most had invested in land in the United Kingdom and the Philippines.
One such investor told CNA that he invested S$180,000 in eight parcels of land slated for housing development, but was later revealed to be designated as “green belts”.
A petition was also passed around, asking the authorities to look into the matter.
This is not the first time investors are crying foul against the firm.
Earlier this month, a Today report revealed a writ of summons was issued to Profitable Plots by an investor who failed to get S$31,500 back.
Some investors were also blasted by Mr John Nordmann, Profitable Group’s group operations director, for their “thuggish” and “criminal” behaviour after they marched into their office to demand the return of S$700,000.
Profitable Plots is on the Monetary Authority of Singapore’s Investor Alert List.</TD></TR></TBODY></TABLE></TD></TR></TBODY></TABLE>
Joined: 10 Oct 2009
Posts: 812
</TD><TD class=row1 height=28 vAlign=top width="100%"><TABLE border=0 cellSpacing=0 cellPadding=0 width="100%"><TBODY><TR><TD width="100%">
Posted: Sun Jun 13, 2010 1:10 pm Post subject: Profitable Plots investors stage protest</TD><TD vAlign=top noWrap> </TD></TR><TR><TD colSpan=2><HR></TD></TR><TR><TD colSpan=2>A group of Profitable Plots investors held a protest against the company at the Speakers’ Corner on Saturday. In a Channel NewsAsia (CNA) report, the investors are claiming that the Singapore-based investment firm owed them as much as S$200,000.
It was reported that most had invested in land in the United Kingdom and the Philippines.
One such investor told CNA that he invested S$180,000 in eight parcels of land slated for housing development, but was later revealed to be designated as “green belts”.
A petition was also passed around, asking the authorities to look into the matter.
This is not the first time investors are crying foul against the firm.
Earlier this month, a Today report revealed a writ of summons was issued to Profitable Plots by an investor who failed to get S$31,500 back.
Some investors were also blasted by Mr John Nordmann, Profitable Group’s group operations director, for their “thuggish” and “criminal” behaviour after they marched into their office to demand the return of S$700,000.
Profitable Plots is on the Monetary Authority of Singapore’s Investor Alert List.</TD></TR></TBODY></TABLE></TD></TR></TBODY></TABLE>
