CNA
Region: SG
Saturday 03 October 2026 03:00:00 GMT
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Mr Cat :
now we know there is a loophole, what's the gov gonna do?
2026-10-03 03:35:30
192
Lark :
if company really close down due to insolvency I agree. but if deliberately set up shelll company just to scam people, I think will be different story right?
2026-10-03 09:56:42
2
CANDYBAR :
NOT ENTIRELY CORRECT
2026-10-03 04:04:24
1
Ben In Black :
Singaporean is funny, as what the lawyer mentioned in the video, you can go after Steven if you engage Steven personally. But reality is, no Singaporean will engage an ID without a company, at least for me. When I work as freelance ID after my Poly, the most common question from customers are: Where is your showroom? Why you do freelance? Where to find you if you run away with my money? And when I explained to them that you can sue me personally if I run away with your money but Pte Ltd cannot and most of them won't believe.
2026-10-03 05:28:20
30
Zheng yi :
why is this even legal?
2026-10-03 04:41:07
35
Gilbert is Scammer :
It honestly feels like there are still serious gaps in consumer protection for homeowners. Renovators can collect large upfront payments, leave projects incomplete, stop responding, and consumers are then left to spend even more time and money pursuing legal remedies. Even after obtaining a court judgment, enforcement can still fall on the homeowner. Where is the real deterrence and accountability? What is even more worrying is when a renovation company can cease operating, while the people behind it may later continue the same type of business through another company. If there are no stronger safeguards against repeated conduct, what actually prevents the same thing from happening to the next homeowner? Consumers have to fight this hard just to recover their own hard-earned money? while the director who responsible for the way a company was run appear to face no immediate consequence, it raises even more questions about accountability and consumer protection. It feels hopeless.
2026-10-03 04:20:09
12
gondola :
this is the loophole used in the scams. loads of people got scam by $1 companies. debt collectors companies do this too. Do an episode on caymen islands as well and Torque CEO's methods.
2026-10-03 03:04:20
28
Michael :
when banks loan to private limited companies, they get the director to sign personal liability... if a similar requirement is is mandated, this loop hole can be plugged
2026-10-03 03:49:26
39
Yiyi555 :
Time change, so law also need to update as there are so many loopholes in the law where people are scam due to it……I was scammed by my ID renovating my place three years ago, didn’t do any supervision work and expect his money when work is done……🤔
2026-10-03 12:34:27
3
Joe Young :
There’s actually an exception. If fraud is involved, the corporate veil can be pierced
2026-10-03 23:29:52
0
Chris Tay :
In china, you can go after the company legal rep no matter where he goes
2026-10-03 06:56:31
5
D189Z :
Already happening in logistics company…
2026-10-03 06:26:32
3
LCDL :
Gyms, spas , salons do that too , not only IDs
2026-10-03 07:08:17
5
Kari Ayam :
Why are you like this Steven! 😡
2026-10-03 07:34:03
2
FETTY_AD :
People never study business law 101
2026-10-03 05:14:36
2
Sir say :
this is loop hole in Singapore
2026-10-03 04:10:40
3
Huat芯 :
Patch this loophole, stop people from getting scam or cheated.
2026-10-03 06:48:17
2
user10949720790546 :
damn stupid law. no wonder so many frauds n money laundering.
2026-10-03 21:34:06
2
mickymagoo :
And if the director was aware the company is trading insolvent? Could be a problem.
2026-10-03 05:23:37
2
Leo :
This is the LJ loophole that protect the scammer
2026-10-03 04:56:39
2
ah▪︎beR 🙋🏻 :
our government is pro-companies for the sake of the GDP and luring overseas investments, that's why things like these are allowed to persists consumer and employee rights are at the lowest rung of the GDP foodchain. you have a better chance winning TOTO than getting the authorities to help retrieve your monies lost
2026-10-03 05:37:24
3
Peanut :
check the ACRA registration of the company. find out who are the listed directors. check their backgrounds or history of companies they had opened
2026-10-03 08:04:44
3
BlaqZ :
the veil can be lifted if Steven truly ran with the money
2026-10-03 06:42:28
2
calving777 :
Why no mention of Acra?
2026-10-03 05:33:47
2
印加坡县公民 :
but open pte ltd take 0 down 10 year loan buy car with gxs bank still find steven[Tears of joy]
2026-10-03 04:44:15
2
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