Investors in a condominium project who claim they lost over 500 million baht meet DSI officials to file a complaint yesterday. Apichit Jinakul
Twenty local and foreign investors yesterday lodged a complaint with the Department of Special Investigation (DSI) against a condominium developer who they claimed duped them into buying units in Chiang Mai that were never finished.
One alleged victim said he bought a unit in 2019 after the developer said he would be able to cover the cost of the purchase by renting it out to foreign tourists, which the developer would help arrange.
Most of the victims, he said, paid around three million baht per unit, but some have lost over 75 million baht.
Several owners made some profit for some time, but it ended right around the start of the Covid-19 pandemic, he added.
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