Singapore investors looking for former SEA Games ice hockey player over S$9mil loan
Singaporean investors are seeking to recover S$9 million from an investment firm, Right Choice Capital, after the company failed to honor loan agreements. The firm's director, a former SEA Games ice hockey player, has since been placed on a bankruptcy order, complicating legal recovery efforts.
Why it matters
The case illustrates the risks of private lending and the legal complexities involved when a debtor declares bankruptcy.
SINGAPORE: Robert (not his real name) reckons he is a savvy investor, so when he was introduced to an investment company that promised 16 per cent returns per annum for a business loan, he was sceptical.
The report focuses on factual legal and financial developments regarding a specific fraud case.
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