Thursday, December 20, 2007

MEDA INC BHD INVOLVE IN CHEATING & FRAUD

A facsimile from Norman Chia Ferng Ji, to my mailbox and also intended for the newspapers. (Mr Chia gave his mobile number for the public to call him for verification but I decide not to disclose it here)

To: Wilbert Goh/Jenny Lim Fax number: (03) 8024 8966 (fax number of Meda Inc Bhd)

Date: 20-Dec-07

Regarding: News for Your Business/Consumer Section: Proof that Meda Inc Bhd is Scandalizing its Property Buyers!

Comments: I WILL BE FAXING THIS STORY TO ALL THE NEWSPAPERS TODAY IF I DO NOT HEAR FROM MR. WILBERT GOH WITH A SOLUTION BY NOON. THE REPORTERS ARE WAITING FOR OUR STORY.

"Dear Editor,

Greetings. As mentioned over the telephone, I, of the above name, am a seasoned real estate investor. For all the real estate transactions that I have completed for the past 7 years, the one I am currently involved in, is so immoral and illegal, and involves a high profile corporation - Meda Inc Bhd, that I feel that the public should be made aware of it before doing any further business with this company and its affiliates. For the record, my solicitors and I have all the legal documents to substantial everything I am reporting here.This is how the story goes. I decided to purchase a shopping centre lot in The Summit Shopping Centre on 20th December 2006 (attached copy of SPA). The seller was Hexaland Sdn Bhd. The agreed purchase price for the lot was RM220,000. After the agreement was signed, deposit being paid, my solicitors went ahead to complete the necessary legal paperwork to complete the transaction. So far so good.

However, in 29th May 2007, my solicitors conducted a land search on the master title on which the shop lot is erected and the search result reveals that there is a charge created by Meda Development Sdn Bhd (the developer of The Summit Shopping Centre) in favour of Arab Malaysia Merchant Bank Berhad (copy of charge attached) for a whopping amount of RM220, 000. In other words, the developer – Meda Development Sdn Bhd - charged that particular shopping lot to AmInvestment Bank and secured a loan of RM220,000 – without the seller knowing about it! This means the seller, in this case, Hexaland Sdn Bhd, is unable to sell this property to me because the developer owes money on his property. Our solicitor advised us that unless the developer settles this loan completely, this property cannot be transferred to my name, or anybody’s name for that matter. Our solicitor also informed us that the developer was able to secure this loan because Hexaland Sdn Bhd purchased this property with cash (no mortgage charged), hence fooling AmInvestment Bank into thinking that this property is unsold.After six months of chasing, the developer till to date has refused to do the right thing and settle the loan they had no right to secure at the first place. Their manager, Mr. Wilbert Goh, gave one false promise after another that this issue will be solved. When threatened with legal action, their response is simply “go ahead”.

The seller and I will have no choice but to bring this matter to court. We have given Meda Development Sdn Bhd ample time (6 months) to do the right thing. It has been almost 12 months since we signed the SPA. Justice must be served. What other choice are we left with? However, I just want the public to be aware of the business practices of Meda Inc Bhd, especially its property arm. They are launching several residential projects for sale in Subang and I am genuinely worried for the thousands of home buyers/investors that have been dealing with them. I sincerely hope this sharing will open up the eyes of the public to this shocking and irresponsible corporate behaviour. I also applaud your newspaper for showing such interest in our story and doing a service for our community.

Please feel free to contact me at the above number. If you wish to contact the seller, Hexaland Sdn Bhd, to get their perspective on this transaction, the director is Mr. Her (012 221 6633).

Thank You. "

Wendy says: Mr Chia, my best wishes to you. The holiday season is here, hope MEDA INC BHD will settle this matter with you soon. But I'm not optimistic. The owners and management of Meda are scumbags without a single bone of integrity or honesty.Please do keep us updated of the progress of your legal action. And if you wish for me to take down this post, please do let me know also.

2 comments:

gooblog said...

what is the latest development with the release of shoplot title at summit?

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