Invest
Court Gives More Time To CAD For Profitable Plots Probe
By Financial Planning Central  •  July 9, 2011

The Subordinate Courts have granted a 4 months extension to the Commerical Affairs Department (CAD) for the probe on landbanking firm Profitable Plots, reports the 09th July 2011 edition of Today (CAD given yet more time for probe). The time extension is to allow CAD to received a ‘crucial’ expert report from an accounting firm.

This is the third time that a time extension have been given to the CAD in the Profitable Plots probe.

Its was revealed that the complaints have risen to 304 from 229 and the amount of investments involved has risen to S$30m from S$23.5m.

The next hearing is scheduled for Nov 8.

Related posts:

  1. CAD Appointing Accounting Firm In Profitable Plots Probe
  2. Profitable Plots Director Fails To Get Passport Back From CAD
  3. SIAS Urges Profitable Plots To Come Clean
  4. Wine Investment Firm Premium Liquid Assets In HK Police Probe
  5. Landbanking firm Raided by CAD

...
Read the full article
By Financial Planning Central
Tiang Chuan is a Independent Financial Adviser (IFA) with PromiseLand Independent Pte Ltd, an Independent Financial Advisory Firm. One of the reasons that propel him to join the Financial Advisory industry is the realisation of the importance of proper Financial Planning due to the experiences in his growing-up years. Read about his story to know more about what he went through
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance