[h=1]CAR DEALER VOLKS AUTO WHOSE DIRECTOR WENT MISSING TOOK $3.2 MILLION FROM 98 VICTIMS[/h]
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Post date:
18 Dec 2014 - 9:25pm
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[photo credit: The Straits Times]
It looks like car dealership Volks Auto has taken money from even more people.
There are now 98 people who are known to have paid downpayments to buy cars with Volks Auto but who are only realising now that they might not be able to get their money back.
The director of the car dealer, Alvin Loo, have now disappeared and attempts to reach him have been impossible.
And the total amount that Volks Auto has taken from them?
A hefty S$3.2 million.
Mr K K Lo, 53, an IT manager, is trying to draw together the picture with the other victims, by pulling together the police reports that have been made and the sales agreements.
He is one of those who paid up but did not get his promised car.
And there might be even more victims.
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Yesterday, there were 60 people who met at the McDonald’s outlet in Kallang to compare their documents.
“Everyone hopes to get back a refund, but apparently looking at the situation, I don’t think it’s good,” Mr Lo today Today yesterday.
“How to get back the refund? It all very much depends on the police to help us. As victims, we have limited power (and) we can’t do much."
After Jover Chew, Quiche Nail Spa and Cuddles Cat Cafe, is Volks Auto the new kid in town?
What is happening to Singapore?
Is it really turning from a shopper's paradise to becoming a scammer's paradise?