Total Investment amount USD15234
Products/Schemes invested in: Boron investment & Cigar product
What you have been promised verbally or on paper. Boron: 12.5% interest return after 6 months
Cigar: Estimated 300% return after 5 years
Additional information I have 2 batches of Boron products purchased with the converted returns of my earlier AAA+ investment.
The first batch matured in June, and I've been following up on the payment since.
The second batch matured in early September, and I am also following up on the payment.
Since exercising the first batch, I've been told by my CSO (Sundaram) and the GM (Anita) that due to cashflow issues in Dubai, payment would take 6 months instead of the 1 month mentioned in the agreement.
2 weeks ago, while trying to get an update from Sundaram, I was informed that Profitable KL was shifting office.
I didnt get any updates (on either my Boron exercise) or the new office details, since.
I've found out yesterday that both Anita and Sundaram have been retrenched - repeated calls to their mobiles have been left unanswered.
No contact from Profitable to update me, or assign me a new CSO.
I implore other investors in Malaysia to also share your complaints, as I've only been able to find details regarding the Singapore investors - I doubt that I'm alone.
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Date/Time: 2010-09-13 20:07:08 PDT
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