View of investor 1
An investor bought a land banking product said: There is also a similar group of investors - who has hired a corporate investigator in New York - to file a class action suit against X. I received a phone call from New York sometime ago. In Malaysia-KL, X office was raided by the authorities,.investigations still pending. It appears to those who are suspicious - that X is a very cleverly-crafted "legal cheat".
View of investor 2
This investor bought into another land banking product, which carried the name of a reputable legal firm in Singapore. The name of this legal firm gave him the confidence that the product was sound. He learned later that he was cheated, and was not able to take action as the land banking company is based outside Singapore.
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