Welcome Guest ( Log In | Register )

Bump Topic Add Reply RSS Feed

Outline · [ Standard ] · Linear+

News I Serve Mall, Money game

views
     
Gorgon77 P
post Apr 3 2023, 12:53 PM

New Member
*
Probation
0 posts

Joined: Nov 2022
QUOTE(melvinzebra @ Mar 1 2023, 07:17 PM)
Hi all, im one of the member for this private scheme,

Summary

-I Join late october 2021, then it get raided,
-waited patiently for 16months,
- during the period the dato will arrange video call with us for assurance,
- however the last video he mention no more video call with us, will send the new agreement to us
- and the agent only ask us to sign a new agreement that last for 3 years, the new company is totally new,
- i dont agree to this and just want back my capital.

I have talk to the Antz capital customer service, they mention same thing only ask me to sign the new agreement,
Im seeking advice here should i open a case with BNM and officially made a police report on everything? do PM me if you know any legal member who charge minimal fee to look at these contract , i do not mind paying small amount of fee.
*
Hi Melvin, I am one of the investor for this. My dad has invested in two of the companies, total up 2.1m. As you mentioned, yes they have come out with new agreement which offering 8-12% annual basis, where this is absolute rubbish and differ from original agreement.

Im planning to take legal action, if you want to know more please contact me.
Gorgon77 P
post Apr 7 2023, 12:16 AM

New Member
*
Probation
0 posts

Joined: Nov 2022
QUOTE(gaviscon @ Apr 3 2023, 10:38 PM)
Can you elaborate more?
Instead of the previous 20-30% per annum, you now get 8-12%?
What about capital? Can you withdraw all your money? Or it is locked in for 3 years?
What if you dont want to sign the new agreement and want all your money back?
*
Original agreement was +-45%, paid monthly basis for two years. Lock in period 2 years.

New agreement 8-12%( there is tier, mine is 10.5%), tenure is 5 years. 1st year you cant withdraw money(moratarium), 2-5 year if you wish to redeem it, 20% to be deducted from capital as fine. And best thing is, withdrawal is upon board director approval(they have right to decline it). The new agreement, stated there we might lose half or in full of our capital(i really pissed off with this), as i cant recall old agreement has this term.

I am getting legal advise for few firms and i am gathering the investors to discuss on whats next.
« Next Oldest · Kopitiam · Next Newest »
 

Add ReplyOptions
 

Change to:
| Lo-Fi Version
 0.0261sec    0.80    6 queries    GZIP Disabled
Time is now: 25th November 2025 - 09:11 AM
All Rights Reserved © 2002- 2025 Vijandren Ramadass (~unite against racism~)
Removal Request
Powered by Invision Power Board © 2025  IPS, Inc.