Ralan Group scandal (未来集团的诈骗行为)

Ralan Group scandal (未来集团的诈骗行为)

0 have signed. Let’s get to 100!
At 100 signatures, this petition is more likely to be featured in recommendations!
Ralan Action Group Aus started this petition to Parliament of New South Wales and

Ralan Group and it’s 58 associated entities have announced voluntary administration on 31 July 2019, the 1st creditors meeting was held on 9 August 2019. The administrator Grant Thornton has admitted its complexity and are applying to the court for 3 months extension. It has left nearly 2,000 unsecured creditors in limbo. The Group has misplaced approximately $500 millions. In the meeting, the Administrator told the creditors that they believe the Group has been running lost. Therefore we believe the Corporate watch dog has owed a duty of care to all its creditors. I believe it will be Australian 2nd biggest scandals  after HIH Insurance.

More than 95% of the unsecured creditors are Chineses background, they hardly understand English. Ralan Group and their sales persons took advantage of them, by using Fanfare promotions, fourflush lecture and high interest returns to deceive them into signing the unsecured contract. 

The total unsecured creditors are over 2,000, they are mum and dad investors, they are young couples with young kids, so the people who are impacted by this scandal would be estimated to over 10,000. A lot of families are forced into a woeful predicament in their daily life. Some of the investors used their lifetime savings, superannuation for the deposit. We believe it will be the biggest fraud activity to the Chinese community in Australia.

The estimated administrator’s remuneration is set to be over $1.5 millions. The unsecured creditors have already lost all their investments, now the administrator fees are going to chew up the minimum amountcash left at bank.

Therefore we are requesting the state government of New South Wales to appointment an independent committee to investigate the collapse of Ralan Group and to fund the administration and the liquidation. In the event where a particular government agency is responsible for the failure of Ralan Group, compensation must be provided to the victims.

0 have signed. Let’s get to 100!
At 100 signatures, this petition is more likely to be featured in recommendations!