Complaint Review: Teak Capital Malaysia - Internet
- Teak Capital Malaysia Internet USA
- Phone: +603 20312202
- Web: www.teakcapital.com.my
- Category: Sneakers
Teak Capital Malaysia Chok Kwee Bee, Rickson Khaw Lit Sing, Dennis Reardon Teak said I would receive an investment for my US company. However, I had to pay $2,200 to register in Malaysia first. Kuala Lumpur Jalan Sultan Ismail
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Teak Capital Berhad in Malaysia and Chok Kwee Bee sent our company a "Memorandum of Understanding" /investment contract for signing. Teak Capital said we were approved for a six figure line of credit. However, after extensive due diligence, it was brought to our attention that the contract, sent to our company for signing, was not prepared by the law firm listed on the contract, Seow & Associates. After contacting Seow & Associates in Malaysia, they informed us that the contract was falsely produced and their logo /letter head was not authorized for use.
Seow & Associates did not have any record of working with Teak. Therefore, Teak Capital misrepresented themselves in a scheme to deceive and dup our US company out of money for upfront Zurich Insurance fees. Our company had been submitting documents to Teak Capital and Zurich Insurance Malaysia Berhad for a few weeks. However, prior to signing the agreements and submitting payment, we discovered this was all a scam. Teak Capital has a website, with companies they've invested into, therfore, this company looks legal. However, we uncovered their scheme. We are reporting this scheme in order to prevent less savvy companies from being scammed in the future. This is SAD!
This report was posted on Ripoff Report on 04/06/2016 10:10 AM and is a permanent record located here: https://www.ripoffreport.com/reports/teak-capital-malaysia/internet/teak-capital-malaysia-chok-kwee-bee-rickson-khaw-lit-sing-dennis-reardon-teak-said-i-wo-1298153. 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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