{"id":18084,"date":"2025-01-02T10:06:11","date_gmt":"2025-01-02T10:06:11","guid":{"rendered":"https:\/\/zamstudios.com\/blogs\/debt-collection-singapore\/"},"modified":"2025-01-02T10:06:11","modified_gmt":"2025-01-02T10:06:11","slug":"debt-collection-singapore","status":"publish","type":"post","link":"https:\/\/zamstudios.com\/blogs\/debt-collection-singapore\/","title":{"rendered":"Debt collection singapore"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_89 ez-toc-wrap-left counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/zamstudios.com\/blogs\/debt-collection-singapore\/#The_BaraQah_Group_Investment\" >The BaraQah Group Investment<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/zamstudios.com\/blogs\/debt-collection-singapore\/#View_more_about_us_Singapore_Debt_Collection\" >View more about us Singapore Debt Collection<\/a><\/li><\/ul><\/nav><\/div>\n<h1 class=\"elementor-heading-title elementor-size-default\"><span class=\"ez-toc-section\" id=\"The_BaraQah_Group_Investment\"><\/span>The BaraQah Group Investment<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p>In 2017, Mdm Siti approached Ms Tanya from The BaraQah Group Pte Ltd, formerly known as Bodhi 3 Group Pte Ltd (\u201cthe company\u201d) after having heard their advertisement regarding\u00a0<a href=\"https:\/\/www.jmsrogers.com\/property-en-bloc-cheating\/\">property investment<\/a>\u00a0on a local radio station.<\/p>\n<p>Ms Tanya introduced her to the prospects of investing in a hotel\u00a0<a href=\"https:\/\/www.jmsrogers.com\/franchise\/\">franchise<\/a>\u00a0located in Bangkok \u2013 \u2018The BaraQah Boutique Hotel\u2019.<\/p>\n<p>During the course of their correspondences, MDM Siti was issued a booklet detailing the infrastructural, geographical and business considerations of the property in Bangkok, Thailand. There was however no written address of the hotel in the pamphlet. There was also no live viewing arranged for the investors.<\/p>\n<p>MDM Siti, however, was convinced of the legitimacy of the proposals as she had heard the advert on the radio and signed at agreement with the company to invest a principal amount of SGD$5000\/- for a promised yearly return of SGD$300\/- and an additional 6% interest for a period of 36 months.<\/p>\n<p>However, the agreement was no abided by and after some prompting by MDM Siti, the company explained that there were several issues with the property and the dividends, thus they proposed a restructuring of the agreement.<\/p>\n<p>In March 2018, MDM Siti signed another agreement with the company, stipulating the same SGD$5000\/- principal investment, but with an amended annual return of SGD$400\/- and an increased interest rate of 8% for a period of 24 months.<\/p>\n<p>MDM Siti expected the renewed agreement to provide her with the expected returns, but the company failed to see it through. After several failed correspondences to retrieve the dividends and outstanding amounts, the company drafted a letter which amounted to a mutually agreed moratorium on the payout, until 2020.<\/p>\n<p>MDM Siti, who did not understand the contents of the letter, was induced to sign it on the promise of quick and immediate payout. She signed the letter and was left without any returns till date.<\/p>\n<p>Many attempts to contact Tanya, the managing director and the company were futile. Their listed official address in Redhill was verified to be false. A social media check revealed that they had both a mobile number and a landline registered to their company.<\/p>\n<p>The landline number is no longer valid and the mobile number has since been acquired by a private user, who was contacted and affirmed that she had been receiving many calls relating to the company and investors looking for the members of the company. The user has been advised to lodge a police report.<\/p>\n<p>JMS Rogers was able to locate a Bangkok address for the investment property. However, a quick search indicated that there was no such property at the indicated address. There were no other email or contact details listed to investigate the property.<\/p>\n<p>We also located listings in CPF\u2019s compilation that the company had been charged, 3 times, in 2019, for late payment of CPF contributions to their employees.<\/p>\n<p>MDM Siti has been advised to lodge a police report, as there is prima facie evidence of cheating. We also suspect that many others have fallen prey to such scams.<\/p>\n<p>\u00a0<\/p>\n<h1><span class=\"ez-toc-section\" id=\"View_more_about_us_Singapore_Debt_Collection\"><\/span><span style=\"font-weight: 400\">View more about us <\/span><a href=\"https:\/\/www.jmsrogers.com\/\"><span style=\"font-weight: 400\">Singapore Debt Collection<\/span><\/a><span class=\"ez-toc-section-end\"><\/span><\/h1>\n","protected":false},"excerpt":{"rendered":"<p>The BaraQah Group Investment In 2017, Mdm Siti approached Ms Tanya from The BaraQah Group Pte Ltd, formerly known as Bodhi 3 Group Pte Ltd (\u201cthe company\u201d) after having heard their advertisement regarding\u00a0property investment\u00a0on a local radio station. Ms Tanya introduced her to the prospects of investing in a hotel\u00a0franchise\u00a0located in Bangkok \u2013 \u2018The BaraQah [&hellip;]<\/p>\n","protected":false},"author":2072,"featured_media":18083,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[480],"tags":[6730],"class_list":["post-18084","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-debt"],"_links":{"self":[{"href":"https:\/\/zamstudios.com\/blogs\/wp-json\/wp\/v2\/posts\/18084","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/zamstudios.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/zamstudios.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/zamstudios.com\/blogs\/wp-json\/wp\/v2\/users\/2072"}],"replies":[{"embeddable":true,"href":"https:\/\/zamstudios.com\/blogs\/wp-json\/wp\/v2\/comments?post=18084"}],"version-history":[{"count":1,"href":"https:\/\/zamstudios.com\/blogs\/wp-json\/wp\/v2\/posts\/18084\/revisions"}],"predecessor-version":[{"id":18085,"href":"https:\/\/zamstudios.com\/blogs\/wp-json\/wp\/v2\/posts\/18084\/revisions\/18085"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/zamstudios.com\/blogs\/wp-json\/wp\/v2\/media\/18083"}],"wp:attachment":[{"href":"https:\/\/zamstudios.com\/blogs\/wp-json\/wp\/v2\/media?parent=18084"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zamstudios.com\/blogs\/wp-json\/wp\/v2\/categories?post=18084"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zamstudios.com\/blogs\/wp-json\/wp\/v2\/tags?post=18084"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}