Trapped in a bad investment

Note: If you are trapped in this type of investment and wish to meet other investors in similar situation, give your details HERE.

A company selling foreign land plots and other products gave a put option to the investor to sell back the product at the end of 6 months with interest at 12.5%. Many investors invested on this product on the basis of the put option. At the end of 6 months, the investor exercise the put option, but the company refused to honor it. They gave many excuses and did not pay back the money as promised. In the meantime, the company continued to sell similar products to many new investors.

The investors were at a loss. Some engaged a lawyer to take legal action, but it is taking a long time, is costly and uncertain. Some complained to the authority, but were told that it is a civil matter for which they have to engage a lawyer. What is the best way for the investor to act now?

Can the authority stand by and do nothing, while more investors are being trapped in this type of investment?

Tan Kin Lian