Thursday, August 30, 2012

Court case against Profitable Plots


Even as the number of cheating charges at stake has fallen
for the three directors of Profitable Plots,
a tussle over papers has emerged.
 
The trio asked the High Court yesterday
for access to certain documents -
or their copies -
that the police had seized
from their land-banking and investment firm in a 2010 raid.
 
The public prosecutor had objected to the defence's previous request
by citing a lack of legal basis,
and this request was also rejected by a lower court -
the Criminal Case Disclosure Conference court -
earlier this month.
 
 

2 comments:

yujuan said...

Dun mean to show no empathy to victim investors of landbanking.
But articles on this subject are getting stale.
Nevertheless, they serve a purpose to remind people such investments put on sheep's clothing to turn into wolves later, and people are ever so forgetful, and need constant reminders to jog their foggy memories.

StFual said...

I hope that this isnt going to mean the CAD case gets dropped.

Profitable Plots are currently running a campaign to get investors to believe that if the case is dropped investors will somehow have a better chance to get their money. The argument seems to be that PP claim they were on the verge of paying out when the CAD raided them.


There were no Boron shipments. None of the 4 UK green belt land sites has got planning permission despite advertised claims that Concorde Village would pay out in 2011. They have been sued by ESPN, closed down by the UK FSA and charged by the Singapore CAD. Their agents in Canada are current under investigation by the Ontario Securities Commission.

It is hard to have sympathy for Profitable Plots claims that they are being persecuted.

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