SuPerBoRed Twincharged April 2, 2018 Share April 2, 2018 Raise the god damn barriers to entry ffs... Malaysian in his 30s can come and cheat too? Tell the case paper tiger to speak the truth la... blame the gahmen as well for making it so easy for such companies to be set up.. ↡ Advertisement 2 Link to post Share on other sites More sharing options...
Soya Supersonic April 2, 2018 Share April 2, 2018 When more scammers see how easy it is to run road and we hv a tootlhless tiger around giving ‘advisory’ after the fact, this won’t be the last case. That’s for sure. Link to post Share on other sites More sharing options...
Hamburger Hypersonic April 2, 2018 Share April 2, 2018 meow....meow... 1 Link to post Share on other sites More sharing options...
Beehive3783 Turbocharged April 2, 2018 Share April 2, 2018 They are hoping some poor victims will be suckered into paying money for CASE membership. When in actual fact, CASE is just a barking dog with no teeth. Case said to approach them, for what huh? Pay lip service or wayang ? Might as well close shop like those fraudulent dealers. Should CASE be referred to as a tiger? I don't think so. That would be a great insult to the real tiger Oiyo, why you so like that, telling all the truth? When the tiger is toothless, what can we expect? Hopefully some criminal offences are disclosed so that the cops can come into the picture! Link to post Share on other sites More sharing options...
DACH Supersonic April 2, 2018 Share April 2, 2018 Should raise the criteria for setting up Parallel Importers. Link to post Share on other sites More sharing options...
Beehive3783 Turbocharged April 2, 2018 Share April 2, 2018 Maybe he was "forced" to commit suicide. When overseas, anything goes. Especially in those poor countries. 1 of the auto fraud cases that absconded with 4-5 mil yrs back, 1 of them committed suicide overseas recently... not reported on sg news yet...family picked up the ashes...1 in jail, 1 dead....1still at large... in case those still hoping to get updates....u heard it first from mcf... Link to post Share on other sites More sharing options...
Matrix0405 5th Gear April 2, 2018 Share April 2, 2018 Two parallel import car dealers shut suddenly, allegedly owe customers $300,000 in deposits SINGAPORE - Two parallel import car dealers have shuttered without notice, leaving customers who have paid a total of some $300,000 in deposits in limbo. Apex Car, located on the second storey of Automobile Megamart in Ubi, allegedly owes at least five customers about $206,000 in total. At the nearby First East Centre in Kaki Bukit Road 2, Novelty Auto has closed its ground floor showroom after failing to deliver cars to at least four customers, who paid about $98,000 in total as deposits. These sudden closures have led the Consumers Association of Singapore (Case) to issue public warnings against both companies recently. "Consumers who suspect that fraud is involved should report such cases to the police," Case said in a notice on its website. The police confirmed that reports have been made against both companies and said they are looking into the matter. Both showrooms were closed when The Straits Times visited them last week. The signboard of Novelty Auto hung above an empty showroom, while little trace of Apex Car remained - its signboard has been removed, leaving just a faded red Chinese New Year banner that read "prosperity in business" above its locked glass door. The two companies are not linked, according to records from the Accounting and Corporate Regulatory Authority. Apex Car is owned by Singaporeans, Mr Lim Mount Neng and Mr Chew Boon Meng, both in their 40s. The company, which has been in business since 2010, has a paid-up capital of $10,000. It claims on its still working website that it is one of Singapore's top parallel car importers. The website also has a logo of the "Top 100 small and medium-sized enterprises award" from the little-known Singapore Enterprise Association, a private company with a paid-up capital of $100, which organises events. Apex Car's sudden closure has caused problems to not just its customers, but also Apex Trading, another car dealer with a similar sounding name, which has a showroom just several doors away. "There were people who came to my showroom asking about the closure. We are not related," said Mr Lim Lee Heng, owner of Apex Trading. "I have been in the business for more than 20 years and my company is CaseTrusted," he added, referring to the accreditation scheme run by Case. "The closure (of Apex Car) has tarnished the reputation of my company." Novelty Auto, which has been operating for only about nine months, is solely owned by Mr Wong Hwee Cheia, a Malaysian in his 30s. The owners of both Apex Car and Novelty Auto could not be reached for comment. Meanwhile, Case said that the car industry has topped its complaints list for the past six years. In the past three years, it received complaints related to 17 car companies that have suddenly closed, leaving customers in the lurch. While some of the closures could be a result of business failures, two of these were two high-profile criminal cases. In 2016, Poh Chee Tiong, the boss of Cars Today, was jailed seven years for cheating 71 buyers, 14 sellers and four finance companies of a total of $3.16 million in money and cars. Last year, Volks Auto owner Koh Chek Seng was jailed for 10 years for cheating 182 people, in what was believed to be the largest cheating case in the car industry, involving some $6.1 million. Case executive director Loy York Jiun advised those drawn to cheaper parallel import cars to be wary when prices are too good to be true. "Always negotiate to pay as low a deposit as possible upon signing the contract. Do not make full payment upfront to the parallel importer," he added. Here we go again. One big case every 6mth, dunno how many small cases went unreported. The long COE bidding and delivery cycle are part of the cause, giving these guys ample time to collect enough money before running. How much was Apex Car's Vezel going before they run? 1 Link to post Share on other sites More sharing options...
Watwheels Supersonic April 2, 2018 Share April 2, 2018 1 of the auto fraud cases that absconded with 4-5 mil yrs back, 1 of them committed suicide overseas recently... not reported on sg news yet...family picked up the ashes... 1 in jail, 1 dead....1still at large... in case those still hoping to get updates....u heard it first from mcf... This is quoted from what reliable source? Fakenews.com? Have anyone heard of conman faking their own deaths overseas? Ashes can prove nothing. It's just a pile of ash. If our authorities are so naive and so gulible a lot of the criminals will just "commit suicide" overseas. So convenient. 1 Link to post Share on other sites More sharing options...
350z 3rd Gear April 2, 2018 Share April 2, 2018 This is quoted from what reliable source? Fakenews.com? Have anyone heard of conman faking their own deaths overseas? Ashes can prove nothing. It's just a pile of ash. If our authorities are so naive and so gulible a lot of the criminals will just "commit suicide" overseas. So convenient. Easter has passed, my Doubting Thomas... I am merely sharing wat I am aware of...u can choose to believe or not... My post is to give some victims an update, those who read carefully wat I wrote would have identified the dealer... There is no need to bring further distress to the family who has lost their loved one... ...Peace... ↡ Advertisement 1 Link to post Share on other sites More sharing options...
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