What’s the worst thing that can happen if you invested in wine and it didn’t do well?
I suppose you could drink it but that is probably not what investors of Premium Liquid Assets (PLA) had in mind when they invested with the company.
After the Hong Kong office of PLA was investigated by the Hong Kong police for an alleged investment scam, investors of the company in Singapore were left searching for answers.
As with the usual story of alternative investments in Singapore, CASE will not get involve as they do not oversea investment-related matters. Neither will MAS as they do not consider wine to be a regulated investment.
Wine Investors See Red (Today article on June 2011)