SIAS said it will conduct a dialogue session with concerned Profitable Plots (Profitable Group) investors to discuss their plight.
Mr David Gerald will address and inform of their rights as investors and discuss possible actions for investment recovery and how SIAS can help.
SIAS will also assist with legal counsel.
Event Date:28 April 2011
Event Time:7:00pm – 9:00pm
Address:5 Maxwell Road, MND Building Annexe A Singapore 069110
This event is open only to Profitable Plots investors and SIAS members. You are required to bring along your NRIC or passport and at least one copy of a document issued by Profitable Plots (with your name on it) that shows you are an investor. You can register for the event here:
SIAS Dialogue Session with Profitable Plots Investors
Land banking firm Profitable Plots Private Limited is currently under probe by the Commercial Affairs Department. Previous reports said that investors have put in some S$23.5 million in the company’s products. About 4000 such investors who bought the products expecting high returns are now at risk of losing their money. Some investors have alleged that the risks of the investments were never fully explained to them.