Dozens of condo scam victims seek help

If people agreed to purchase condominium units, the Pathum Thani company offered to pay off their debts.

Veteran social activist Pavena Hongsakula (right) leads a group of 70 people to file complaints with the Department of Special Investigation (DSI) on Wednesday after they were duped into purchasing condominium units, resulting in total losses of 3 billion baht. (Photo supplied/Wassayos Ngamkham)
After being duped into purchasing condominium units, which resulted in total losses of 3 billion baht, veteran social activist Pavena Hongsakula ( right ) leads a group of 70 people to file complaints with the Department of Special Investigation ( DSI) on Wednesday. ( Photo supplied/Wassayos Ngamkham )

A group of 70 people have complained to the Department of Special Investigation ( DSI) that they were duped into purchasing apartment products, resulting in total loss of 3 billion ringgit.

Pavena Hongsakula, chairman of the Pavena Foundation for Children and Women, led the group in filing the issue on Wednesday. She claimed that the team only had about 200 affected people in it.

On Saturday, the plaintiffs complained to the basis that they had been defrauded by a debt-relief firm that offered to pay their payment card payments. In returning, they had to signal contracts to buy property products.

One victim, who gave her name only as Meen, said that the corporation, located in Khlong 2 in Lam Luk Ka city of Pathum Thani, contacted her and offered to live her credit card debt equivalent to 900, 000 baht. She claimed that although the business did give her debts, she had no idea how she knew.

She also reported to the Khu Khot police station in a statement that the business had paid her back in exchange for the loan. She was required to agree to participate in a condominium getting project under a contract with the organization.

She initially assumed she had agreed to purchase one product, but she later learned that the business had submitted her paperwork to numerous institutions to obtain loans. She is currently owed 16 million ringgit for the purchase of four condominiums.

She claimed that the business had promised to pay for the remaining three units. According to the agreement, the company agreed to buy back all of the models within two years. But, it gradually defaulted, leaving her responsible for the entire loan and facing lawsuits from the lenders.

Other victims ‘ views were identical. Some were tricked into purchasing several products, resulting in debts totaling up to 40 million ringgit.

The subjects set up a Collection team that has more than 200 people, said Ms Pavena. All was extremely frightened because the business had already shut down.

Ms. Pavena urged the DSI to work with lenders to negotiate debt reform for the victims, conduct an investigation into the company and other companies that use similar strategies, and post ads on social media.