When a friend borrows over $500k but refuses to pay it back

Quick Summary:

Even when an IOU has been signed, it is not a done deal because the claimants still have to prove they are owed the amount stated.

This saga of betrayal began, as so many do, with a sob story: A corporate consultant (we shall call her Nancy) saw her business partner (Susan) seemingly sad and distressed at the office one night.

SINGAPORE - Tales of people taking advantage of their friends when it comes to borrowing money are all too familiar, but what makes this case stand out is the eye-watering amount involved – $500,000.

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Article Details

Author / Journalist: Tan Ooi Boon

Category: EconomyBusiness

Markets: Singapore

Topics: Media Deal Signed Limited Singapore Amount Owed Claimants Stated Been Prove

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-11 @ 05:00:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Readers: 64 people read this story

Article Length: 130 words

Reading Time: 1 minutes read

Sentences: 6 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 28547386

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About The Straits Times

Main Topics: EconomyBusiness

Official Website: straitstimes.com

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Year Established: 1845

Headquarters: Singapore

News Last Updated: 3 hours ago

Coverage Areas: Singapore

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Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #25

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