At least 5 PRC nationals were shown in a Straits Times photo holding an illegal public protest holding placards outside a Singaporean’s HDB flat whom is believed to be the debtor. The group of seven China investors were shown congregating outside the doorstep of a HDB flat in Sengkang demanding their alleged eye-popping S$1.6 billion. The debtor is reported to be an employee of the company, API Premiere Swiss Trust AG, that allegedly lost the S$1.2 billion from 30,000 China investors.
The seven China investors flew to Singapore and engaged a Singapore lawyer Chung Ting Fai and lodged a police report on behalf of the 30,000 investors from China. Earlier this year, these investors held protests on the streets of Beijing and Hongkong.
One of the group’s representative, Zhao Guangcai, said they have flew to Switzerland and realize that the company was a shell and the Swiss police had sealed the doors to API’s headquarter office. The group gathering outside the Singaporean’s HDB flat in Sengkang left their placards and notes asking for their hard-earned money to be returned.
While it is understandable that the China investors may be infuriated by the scam, do you think the Singapore Police should allow them to break the law and conduct a public protest?