Dear Mr Pritpal,
I've received a letter from Sumbangan Lagenda requesting us to pay the top-up sum of 25%; payable to Pacific Trustees - Sumbangan Lagenda Trust A/c.
Can we rest assure that the developer will not create anymore problems or abscond with the money? Are Pacific Trustees, the subsidiary of Sumbangan Lagenda or a Special Purpose Vehicle created by Sumbangan Lagenda? Are they related parties? Can they be trusted?
Based on the letter, if we pay within 90 days, we are entitle for a rebate of 5%. When can we get back our 5% rebate if we pay on time? Should we pay the top-up of 25%? Can Pacific Trustees be trusted / reliable?
When will the real work commence?
Appreciate your response because this is our hard earn money and has been suffering paying for the bank loan through our nose since 1999.
Thanks & Regards.
Sherlyna
