06 Apr '17, 11am

Property investment company under fire for failure to provide payouts | We pay for our lack of knowledge.

A group of investors have filed police reports against A2A Capital Management, after they failed to receive investment returns in land-banking schemes. Following an injection of over S$1 million from 2011 to 2014, five investors have filed police reports against A2A Capital Management, after they failed to receive returns for their investments in the company’s land-banking schemes, reported the Straits Times . The property development and investment company’s land-banking schemes offered generous returns for cash investments in real estate in Canada and the US. In fact, a brochure for one of the schemes in which property manager Veronica Chen invested showed that a total investment of US$91 million (S$127.6 million) has an estimated target return of US$122 million (S$171 million). This works out to an overall return of 134 percent for the project. Chen, however, has not re...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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