I had bought into Swindon land with the above company 3yrs ago, in Oct 09 I found that they stopped the
the payout on my Grand Max program.
I immediately called the agent who sold the plots to me. After his investigations, he informed me that the UK
directors came to Singapore and withdrew all the funds, thus the company is unable to payout.
I was shocked and asked him then how? He said he'll get in touch with Simon Beh, the third director from LI also CEO for LWC.
To-date no response...
I also done some research and found that UK landbanking is actually a scam and lots of companies including LI were already closed down by UK FSA.
I would like to know if there are any investors out here in my similar situation.
And what are the actions to take against this company now to recover back my funds.