Popular Post webfact Posted September 2, 2021 Popular Post Share Posted September 2, 2021 File photo for reference only The chief of the Department of Special Investigation has urged foreigners who have been deceived in alleged condominium investment scams to get in touch. Many foreigners in some of Thailand's leading places for expat living have been allegedly ripped off by New Nordic Development Company Limited, reported the Thai media. DSI chief Lt-Col Korawat Panpraphakorn said that a working party had been set up after it was shown that parts of a 3.4 billion baht project known as Phetchaburi Park had encroached on Pa Yang Hak - Khao Pum protected forestry land in Ban Lat district of Phetchaburi. The development is on 555 rai of land. Korawat wants other foreigners in Pattaya, Koh Samui, Chumphon and Phuket to get in touch with their grievances after investing in Nordic's projects elsewhere in Thailand. He said many foreigners had been deceived. Then can do so via a QR code or via the link: https://forms.gle/cJm3etUGM7LUBMMW9. -- © Copyright ASEAN NOW 2021-09-02 - Whatever you're going through, the Samaritans are here for you - Follow ASEAN NOW on LINE for breaking COVID-19 updates 1 2 Link to comment Share on other sites More sharing options...
Popular Post RotBenz8888 Posted September 2, 2021 Popular Post Share Posted September 2, 2021 Penny stocks or condos in Thailand, which is safer? 1 4 Link to comment Share on other sites More sharing options...
scubascuba3 Posted September 2, 2021 Share Posted September 2, 2021 talking of scams, i see a digger by Pattaya waterfront development this morning, maybe demolition is about to start 2 Link to comment Share on other sites More sharing options...
Popular Post Will B Good Posted September 2, 2021 Popular Post Share Posted September 2, 2021 6 minutes ago, RotBenz8888 said: Penny stocks or condos in Thailand, which is safer? Penny stocks every time. 3 Link to comment Share on other sites More sharing options...
Popular Post Will B Good Posted September 2, 2021 Popular Post Share Posted September 2, 2021 You have to feel for these poor souls, some could have lost a good proportion of their life's savings....but what were you thinking? As someone said 555 rai was a clue. 4 2 Link to comment Share on other sites More sharing options...
Mr Meeseeks Posted September 2, 2021 Share Posted September 2, 2021 Looking at their website it is quite obvious it is a scam. 1 1 Link to comment Share on other sites More sharing options...
Popular Post lapamita Posted September 2, 2021 Popular Post Share Posted September 2, 2021 (edited) 2 hours ago, Will B Good said: You have to feel for these poor souls, some could have lost a good proportion of their life's savings they sale condos with buy back garantee and 10% net rental yield ( what a wonderful world) if the garantee woud be by bangkokbank i would invest direct , but garantee was by a sub company withh 1 mb thb capital, a wortheless garantee from begining. how in hell , a complete overpriced condo can bring 10% yield after expenses . investors sry specualnts are greedy rental yield after all costs before corona was already 3 to 4% if you to it private at very low expenses, their propertys could even not bring 2% compare to sales price and expenses for commercial rental for ex they sold condos at 3,99 mb thb and at same day they anounced rental for monthly 15000 incl maid and... how in hell somebody could belive 10% net and buy back garantee one time press google for help .. before they was in europe spain and damaging there but they before other countrys already and left damages there Edited September 2, 2021 by lapamita 8 1 2 Link to comment Share on other sites More sharing options...
arick Posted September 2, 2021 Share Posted September 2, 2021 3 hours ago, Will B Good said: You have to feel for these poor souls, some could have lost a good proportion of their life's savings....but what were you thinking? As someone said 555 rai was a clue. I know one who has lost over 1 million leuros and only half was in the New Nordic. This is not going to be the last one. It just happens not to have a pending court case yet. And a farang CEO Why in the hell I don't know. More to come watch this space. Link to comment Share on other sites More sharing options...
Popular Post crazykopite Posted September 2, 2021 Popular Post Share Posted September 2, 2021 Would be interested to know if the chief has ever jumped out of an aircraft as he has para wings embroidered above the DSI badge on his uniform it’s like every Monday government workers dressed in uniform full of medal ribbons and gold braiding it creases me up 1 2 Link to comment Share on other sites More sharing options...
Almer Posted September 2, 2021 Share Posted September 2, 2021 53 minutes ago, crazykopite said: Would be interested to know if the chief has ever jumped out of an aircraft as he has para wings embroidered above the DSI badge on his uniform it’s like every Monday government workers dressed in uniform full of medal ribbons and gold braiding it creases me up In fairness if he is top dollar you would expect him to have a bit of bling. Link to comment Share on other sites More sharing options...
Destiny1990 Posted September 2, 2021 Share Posted September 2, 2021 Most of these Nordic very overpriced units that were offering 10% rental returns came with a poor leasehold structure. Link to comment Share on other sites More sharing options...
Millcx Posted September 2, 2021 Share Posted September 2, 2021 4 hours ago, RotBenz8888 said: Penny stocks or condos in Thailand, which is safer? Geez Gimmie a harder one 5555 1 Link to comment Share on other sites More sharing options...
overherebc Posted September 2, 2021 Share Posted September 2, 2021 1 hour ago, crazykopite said: Would be interested to know if the chief has ever jumped out of an aircraft as he has para wings embroidered above the DSI badge on his uniform it’s like every Monday government workers dressed in uniform full of medal ribbons and gold braiding it creases me up If you enlarge it it looks more like a cop directing traffic. Link to comment Share on other sites More sharing options...
geisha Posted September 2, 2021 Share Posted September 2, 2021 They were renting at very low prices. I visited one in Pratumnak Pattaya, the condo was nicely done, new, 12000B a month for 12 months, 18000B for 6 months if I remember right. There was everything in the kitchen which was smart, and the pool was good. A few local shops. I didn’t take it as there is no public transport nearby, and the walk uphill to Theprassit is steep. ( don’t drive in Thailand ) 2 Link to comment Share on other sites More sharing options...
Popular Post hotchilli Posted September 2, 2021 Popular Post Share Posted September 2, 2021 5 hours ago, webfact said: He said many foreigners had been deceived. Yep, you got that right. 3 1 Link to comment Share on other sites More sharing options...
Jimbo53 Posted September 2, 2021 Share Posted September 2, 2021 1 hour ago, Almer said: In fairness if he is top dollar you would expect him to have a bit of bling. And a Ferrari or two ???????? 1 Link to comment Share on other sites More sharing options...
Darksidedude Posted September 2, 2021 Share Posted September 2, 2021 i would never ever buy off the plan in Thailand, place i brought was built in 1994 pretty safe there i reckon Link to comment Share on other sites More sharing options...
Darksidedude Posted September 2, 2021 Share Posted September 2, 2021 2 hours ago, Destiny1990 said: Most of these Nordic very overpriced units that were offering 10% rental returns came with a poor leasehold structure. and orrible looking 2 Link to comment Share on other sites More sharing options...
Acharn Posted September 2, 2021 Share Posted September 2, 2021 3 hours ago, crazykopite said: Would be interested to know if the chief has ever jumped out of an aircraft as he has para wings embroidered above the DSI badge on his uniform it’s like every Monday government workers dressed in uniform full of medal ribbons and gold braiding it creases me up Back about 40 years ago I read a humor book by a Thai bureaucrat, one of a series with "Smile" in the titles, describing his experiences as he rose through the ranks. It was hilarious. The one I was reading was the point where he got promoted to Nai Amphoe. He had to go through a training school that lasted six weeks or so. Very military oriented, and included parachute training. They qualified with a tower jump. The chief is a policeman, though, so his training may have included one or more airplane jumps, but probably 20 or more years ago. I remember there was a coup where Police General Phao Sarasin tried to oust Field Marshal Phibunsongkhran. The police in those days had frigates, armed aircraft, and tanks. After he won the Field Marshal made sure they didn't. At the graduation party from the Nai Amphoe school, one of his friends described how much he was looking forward to getting home and boinking his wife. "I've slept with a Kharachagan's wife, and I've slept with a Balad's wife, but I've never slept with a Nai Amphoe's wife." Link to comment Share on other sites More sharing options...
Damrongsak Posted September 2, 2021 Share Posted September 2, 2021 "...parts ...had encroached ..." on the reserve. I read that 499 of the 555 rai were forestry land. 1 Link to comment Share on other sites More sharing options...
tracker1 Posted September 2, 2021 Share Posted September 2, 2021 Wonder if this fella investigated the encroachment of developments on land at Doi Suthep in Chiang Mai ? 1 Link to comment Share on other sites More sharing options...
tracker1 Posted September 2, 2021 Share Posted September 2, 2021 6 hours ago, crazykopite said: Would be interested to know if the chief has ever jumped out of an aircraft as he has para wings embroidered above the DSI badge on his uniform it’s like every Monday government workers dressed in uniform full of medal ribbons and gold braiding it creases me up From conversing with many police very few have jumped out of an aircraft to acquire their wings and as for the ribbons there are many to choose from in the uniform and police shops for anyone to purchase seems noone seems to ever questions ones bling Link to comment Share on other sites More sharing options...
Harveyboy Posted September 2, 2021 Share Posted September 2, 2021 3 hours ago, Darksidedude said: i would never ever buy off the plan in Thailand, place i brought was built in 1994 pretty safe there i reckon i bought off plan with Matrix a condo in pattaya 4 months late because of weather must admit that it was terrible that year got it signed sealed..some of the workmanship was C..P re fitted a few things job done .off plan good deal worked for me Link to comment Share on other sites More sharing options...
CH1961 Posted September 2, 2021 Share Posted September 2, 2021 4 hours ago, Darksidedude said: and orrible looking You do not like bright orange? Link to comment Share on other sites More sharing options...
Hayduke Posted September 2, 2021 Share Posted September 2, 2021 (edited) 13 hours ago, webfact said: The chief of the Department of Special Investigation has urged foreigners who have been deceived in alleged condominium investment scams to get in touch. He wants to make sure the New Nordic Development Company has been paying him his rightful share of the scam profits. Edited September 2, 2021 by Hayduke 1 Link to comment Share on other sites More sharing options...
cncltd1973 Posted September 2, 2021 Share Posted September 2, 2021 10 hours ago, crazykopite said: Would be interested to know if the chief has ever jumped out of an aircraft as he has para wings embroidered above the DSI badge on his uniform it’s like every Monday government workers dressed in uniform full of medal ribbons and gold braiding it creases me up I got my wings waay before he did when I took a 747 to Los Angeles on summer break from elementary school. I should wear it more often???? 1 Link to comment Share on other sites More sharing options...
canthai55 Posted September 3, 2021 Share Posted September 3, 2021 You can get para wings in LOS from a tower jump 1 Link to comment Share on other sites More sharing options...
Sydebolle Posted September 3, 2021 Share Posted September 3, 2021 The Department of Special Investigation might be talking to the Ministry of Interior on this subject. If real estate purchase would be as simple as in most other (Western) countries, then such scams could not even take place. Create a one-page law on how real estate can be held, publish this in English and Thai and maybe stop - for once - a two-tier system by "Thai Only" vs "non-Thais NO". Only once I can legally own what I buy I would be considering it; until then you may keep your stuff and keep on cheating the dirty farang ....... 1 2 Link to comment Share on other sites More sharing options...
Darksidedude Posted September 3, 2021 Share Posted September 3, 2021 11 hours ago, CH1961 said: You do not like bright orange? ha no its hideous 1 Link to comment Share on other sites More sharing options...
Mr Meeseeks Posted September 3, 2021 Share Posted September 3, 2021 (edited) 22 hours ago, webfact said: He said many foreigners had been deceived. Plenty more where they came from. Most of these ???? don't want perform to due diligence, don't give a fig about the empirical evidence and simply don't understand the first thing about the place so are easy marks. A fool and their money etc. Edited September 3, 2021 by Mr Meeseeks Link to comment Share on other sites More sharing options...
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