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04-05-2017, 01:26 PM
Investors cry foul over firm's oil bunkering scheme
Eight file police reports claiming they put $1.4m into Charter Fine Ventures' plans
by Lorna Tan
PUBLISHED 4 May 2017
An oil bunkering scheme that offered attractive returns of up to 15 per cent each month for cash investments with varying time periods has come under the spotlight. Oil bunkering refers to the supply of fuel for use by ships in a seaport.
Eight investors, who claimed that they put a total of more than US$1 million (S$1.4 million) into Charter Fine Ventures' (CFV) investment plans in 2014 and 2015, have filed police reports. The reports were against CFV and its Hong Kong- based holding firm Charter Fine Strategies & Management (CFSM).
It is believed that more than 100 investors from Singapore, Malaysia and Indonesia parked in excess of US$20 million with the investment scheme.
CFV has a paid-up capital of $10,000, according to records from the Accounting and Corporate Regulatory Authority. The directors are Hong Kong-based Mr Wong Leung Hang and Singaporean David Hong Yan Dean.
More details in http://www.straitstimes.com/business/inv...ing-scheme
Eight file police reports claiming they put $1.4m into Charter Fine Ventures' plans
by Lorna Tan
PUBLISHED 4 May 2017
An oil bunkering scheme that offered attractive returns of up to 15 per cent each month for cash investments with varying time periods has come under the spotlight. Oil bunkering refers to the supply of fuel for use by ships in a seaport.
Eight investors, who claimed that they put a total of more than US$1 million (S$1.4 million) into Charter Fine Ventures' (CFV) investment plans in 2014 and 2015, have filed police reports. The reports were against CFV and its Hong Kong- based holding firm Charter Fine Strategies & Management (CFSM).
It is believed that more than 100 investors from Singapore, Malaysia and Indonesia parked in excess of US$20 million with the investment scheme.
CFV has a paid-up capital of $10,000, according to records from the Accounting and Corporate Regulatory Authority. The directors are Hong Kong-based Mr Wong Leung Hang and Singaporean David Hong Yan Dean.
More details in http://www.straitstimes.com/business/inv...ing-scheme
Specuvestor: Asset - Business - Structure.
