And so the Profitable Plots saga drags on.
CAD has asked for more time to conclude it’s investigations into Profitable Plots. I have actually lost count of the number of times CAD has asked for more time to work on the case.
This time round, CAD has found an independent expert witness in the US, and would be able to compete its investigations within the next few months.
And so, the next hearing will be held on March 8 next year.
In a separate twist of events, Profitable Plots is now considering legal action against Securities Investors Association Singapore (SIAS) and its CEO, Mr David Gerald.
It had sent out legal letters alleging defamation based on a webcast that Mr Gerald made in May 2011 on the SIAS website.