An investor who tried to recover her money from Profitable Plots had her case thrown out by the courts yesterday.
The reason was because her contract was not made with Profitable Plots but with a separate legal entity that is not based in Singapore.
The person had invested in a product called Boron, a fuel product, which promised to pay 12.5% every 6 months.
After her Boron investment matured, she had difficulty getting her money back from Profitable Plots and decided to pursue her case in court.
Profitable Plots (also known as Profitable Group) is on the MAS watchlist as well as currently being investigated by CAD.