Saturday 23 June 2012
Comment From A Client
Wow! I cannot believe this is happening in Singapore! Being a foreign investor of PP, I have kept myself updated through the website and online news.. In the beginning I thought PP did something wrong as I kept getting e-mails from some committee urging us to make report to CAD and attend their meetings. It was a relief when finally PP gave a public statement in the press and set up their website to update us on the latest happenings, including the truth behind what's going on..
As a foreigner, I am utterly SHOCKED to read about these events.. To me, Singapore has always been a place where investors can place their hard earned money because it is well known for upholding justice and integrity. But following these events one could not help but wonder if there is more than meets the eye?!! Could it be that CAD raided PP on 11th August 2010 just a coincidence??? I thought CAD is supposed to be professional police under the government?!! How is it that their actions does not show that?!! I mean how can they raid PP without proper evidence??? At first I was told this investigation will only take a few months, but look how LONG it has taken!!! How is it that the Judge allows extension time and again???
Like you said, from 320 complains now down to 20?!! Is this a joke or something??? For goodness sake, we are talking about people's hard earned money here.. some even put in all their life savings!! So I hope the Public Prosecutor or whichever officer in charge please act in the BEST INTEREST OF PP CLIENTS, and I hope this is not the case where prosecutors are just fighting to win a court case and "save face"!!! Coz all our money is at stake if you drag this on any further.
And we will not settle for anymore nonsense!!! If it is true that this Boron case only has 20 or less witnesses amounting to less than 1 million, then for goodness sake please do not punish all the clients who have waited so long for our land deals to materialise. For I know for sure the lands are genuine and worth a lot of money.
For those of you in favour of seeing the directors in jail, just ask yourself - what do you as investors get when the company is forced into liquidation?!!! All our lands will be stranded and will be worth peanuts coz they are still raw land without planning permission! So why not give a chance for PP to complete what they have started??? Do you think CAD will be able to act to ensure you get back your money??? Please think again.
Whatever it is, I believe in the end the truth will prevail and this unfortune event has led to a tremendous loss for all the clients.
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If the Directors are convicted, it means that they will be discharged of all responsibility to pay all the clients, sit in jail and then come out inherit all our gains. Have these 86/20 people been advise the consequences of their unadvised intentions? Do you really want them in jail or you want your investment returns. As far as I have seen, the Directors have displayed patience and integrity trying to gain back the company on behalf of the clients. Many would have just left and leave the clients in disarray. If you compare the treatment of City Harvest received and PP... I must say the actions of CAD are extreme on PP. It is a bit unfair for us to become collateral damage during the unvalidated crossfire.
There are no co-incidence in life. If the following is founded and are documented facts.
4th August Contract is witnessed by a Singapore Notary Public then delivered to the Philippine Embassy in Singapore to be witnessed and sealed. 6th August Contract returned by Philippine Embassy to PP and sent to The Philippines. 9th August Contract arrives in Philippines. 10th August Public holiday. 11th August CAD raid PP offices; freeze bank accounts thus stopping payments to clients; and remove all documentation – except the contract to sell the land in The Philippines.
There is a conspiracy going on. Borrow the knife kill the cat. Either CAD has been swirl into the evil scheme of things or there is a hidden agenda somewhere. I am using City Harvest as a yardstick to measure PP situation. And I do not understand why the bank accounts, documents and operations are frozen. According to my City Harvest friends, the probe started about the same time as PP yet they are able to operate all this while. If so PP would be able to complete the sale after 11th August 2010 and CAD can save all the time, money and courts' time as there was no dishonesty in the first place. It feels like a set up.
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