Posts Tagged ‘Profitable Plots’

Police still investigating after 14 months

In Financial competency on 10/11/2011 at 6:24 am

Profitable Plots has been the subject of a probe by the Commercial Affairs Department (CAD) since August last year. In court on Tuesday, the case was adjourned for the fourth time after District Judge Chay Yuen Fatt granted the CAD another four months to complete its investigations.

Deputy Public Prosecutor Christopher Ong told the court that an adjournment was needed to review the experts’ reports on the case, submitted late last month. He added that this was likely to be the last adjournment of the case.

Gee, if the alleged victims and their champion Tan Kin Lian, the People’s Voice, were to be believed in early 2011, it was easy to prove that they were cheated. That it has taken 14 months to investigate and yet no charges are laid show that they were misrepresenting the facts.

 If the CAD drops its case because of insufficient evidence, I hope Profitable Plots will sue the complainants for damages.

The complainants must realise that there is a cost for unreasonably alleging “cheating” after losing money in an investment, and thereby wasting public funds and the authorities’ time. It would be nice if the government would bill the complainants for the time and money wasted. But since that won’t happen, let’s hope Profitable Plots will take them to the cleaners.