Report: #974818

Complaint Review: GPD Investments

  • Submitted: Wed, November 28, 2012
  • Updated: Sun, February 24, 2013
  • Reported By: Iftikhar — Stourbridge Other United Kingdom
  • GPD Investments
    Leigh House Weald Road
    Essex, Select State/Province
    United Kingdom

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I was one of the many small investers who just wanted to invest in Dubhai to own an aprtment for hoilday/investment purposes. GPD Investments was marketing to build aparments in International City Dubhai. The deal was that we pay 30% of the parice upfront to GPD Investments, the developer, and the rest would be payable on compeletion either by laon or cash. They also graunteed the return of 8% for the first 3 years. I paid my 30% and I got the PSA (property sales agreement) from the GPD Investments.

I was waiting for the GPD Investments to start building the Phase III but then we had the "credit crunch" saga and the directors of the GPD Investments, in partcular, Lee Charles Wiggins, taking it as an opurtunity, decided to defraud us all investors. They initially, sent us all an email saying that majority of the investors were unable to pay their remaining balance due to the credit crunch so he wanted me to cancel the contract. I replied that If you want to cancel my contract, you woould have to refund my deposit because, First, I fulfilled my part of the contract and now you fulfill your commitments, secondly, you have not spent a penny of our /my monay on the project so you should be able to refund my deposit and thirdly, offer me an alternative apartment in your other  buildings or investments but he was having non of this. 

He just wanted us all to forget about our money by blaming the credit crunch, the worlds popular buzz word. 

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This report was posted on Ripoff Report on 11/28/2012 03:34 AM and is a permanent record located here: The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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#1 REBUTTAL Individual responds

Lee Wiggins GPD Dubai International City Phase III FRAUD FRAUD FRAUD

AUTHOR: RaviUK - (United Kingdom)

no update
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#2 REBUTTAL Individual responds

Lee Wiggins GPD Dubai International City Phase III FRAUD FRAUD FRAUD

AUTHOR: RaviUK - (United Kingdom)

Hi All,

I have invested in International City Phase III for a 1 bedroom apartment with a 30% down payment.

After 2 years of initial deposit I went to visit the site in 2010 and there was only one floor built in no where land with just few pillar columns.  So far nothing was built after that.  When asked for the refund or handover the apartment key I was turned down saying to seek legal assistance. Lee Wiginns and their associates are all bunch of cheats, day light thief and his company employees also need to be legally questioned and punished for their support of this fraudulent activities.

How on earth Lee Wiggins is able to survive after committing this planned robbery on innocent hard working individuals.  Many of us would have sacrificed many things in our life and saved the deposit money and invested but this low guy Lee Wiggins cheated all of us and funding the money in building Empire Heights plus his lavish activities like horse riding.  Even a road beggar does some physical activity to get his plate of meal but this bugger cowardly snatched all of our money to fill his appetite.

Lee Wiggins should feel shame to live such a low life like this and funding his family and his activities in this way is disgraceful activity and should be named and shamed. He is a waste of space and should be legally punished, all his assets need to be seized.

Don't ever anybody invest in GPD, Empire Heights, or any companies that Lee Wiggins involved.
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