Update 29 Aug 2012: Meeting in court
Today VICTIMS and the liquidator presented their findings to the court at 3pm.
Copy of the liquidator report can be DOWNLOAD HERE
SUMMARY OF REPORT
Blok A : CF to be given to the purchaser next week
Blok B : To be delivered in Sept 2012
(VICTIMS view. Unlikely to happen. Likely in Dec 2012)
Block C : To be delivered in Sept 2012
(VICTIMS view Unlikely to happen. Likely in Dec 2012)
Block D : CF process in early stage.
Block E : To be delivered in September.
(VICTIMS view Unlikely to happen. Likely in Oct/Nov 2012)
Block F : To be delivered in Dec 2012/ Jan 2013
(VICTIMS view on the date – very suspicious)
IWSS : Victims requested that funds from the HD Acct will not be used to pay for the construction of the water tank until Blok A to F has been completed.
(1) Blok A, D and F owners which has been billed for progress payment. Many have not paid.
(2) CASH TOP UP – VICTIMS REQUEST THAT EVERYONE PAY FAST. YOUR DELAY WILL HAVE IMPLICATIONS. THE MOST IMPORTANT IMPLICATION IS THAT LIQUIDATOR MAY ASK FOR TOP UP RM12,000 PER HOUSE FOR EVERYONE FROM BLOCK A TO BLOCK F.
VICTIMS HAS AGREED WITH LIQUIDATOR THAT FOR THOSE WHO DID NOT PAY, THE LIQUIDATOR CAN AUCTION OF THEIR PROPERTY.
VICTIMS WILL NOT DEFEND THIS PEOPLE.
- IF YOU ARE A CASH PURCHASER, PLEASE PAY.
- IF YOU TAKE LOAN FROM THE BANK, PLEASE INSTRUCT BANK TO PAY WITHOUT DELAY.