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Behind Thailand
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11 hours ago, ivor bigun said:
I did not fly to Britain weeks ago ,i was afraid i would not get back home to Thailand ,what they complaining about ,better here than there,????
Really? Just hang on for a week Mr Bigun
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New Nordic: Pattaya developer begins voluntary rehabilitation procedure with Bankruptcy Court
in Pattaya News
Posted · Edited by Behind Thailand
Kurt Svendheim the boss of New Nordic decamped to Dubai a long time ago. Warnings were made many times about investing in these 'too good to be true' projects but unfortunately not in the local media which were happy to promote and take the advertising funds. This one is no exception. A quick search of New Nordic, Svendheim, bondreview, David Simpson, Emerging Trends etc., and the Landesman Bank in Norway, (which lost 70 million kroner) on Svendheim property projects in Bulgaria and elsewhere will tell the whole story. People who bought into properties will probably get zilch. Those who happily got returns for a few years were deceived and did not look carefully at how the agreements were structured and what financial authorities were actually controlling these deals.