Swedish Developer Continues Selling Properties In Thailand

Curt Timhede, the Swedish developer behind Thai Care, whose company cheated up to 50 homebuyers, carries on with his business behind the new name, Citinova, writes the Swedish tabloid Expressen.
Through the homepage http://www.home-in-thailand.com/ and in advertising campagns, Mr. Timhede now tries to find new buyers to a project in the southern part of Jomtien.
What the would be buyers are totally unaware of is the fact that it is Curt Timhede who is behind the holiday home project. The prize of a home is now in the area of 500.000 kronor.
Accordomng to Expressen, Curt Timhede denies that he is involved in the project.
”I take care of the homepage only. Other people will take care of the sale. But the project is down at the moment, because of the problems with Thai Care,” the Swede explains.
Thai Care is involved in a property scandal in Thailand, where up  to 50 Swedish families and disabled have been cheated. The investors were dreaming about owning a peace of paradise in Bang Phra, but they lost millions of Swedish Kronor in deals with Thai Care, a company dominated by the Swedish citizen Mr. Curt Timhede.
The sale of three rooms apartments and villas started in 2006. Costumers liked what they saw on exhibitions and the Thai Care website. Swimming pool, rehabilitation center, tailor, security, everything was designed to suitable for families with children, people with handicaps, and elderly people.
The buyers felt secure with the Swedish speaking sales staff. And happily they made the needed payments up front, to get closer to their dreams. According to Expressen, the money started flowing the very same year, when every signature from a buyer was followed up with a down payment from 100.000 kronor up to 1.000.000 million. The selling continued, and therefore the money kept flowing in 2007.
The tabloid Expressen estimates a loss of approximately 30 million Swedish kronor.

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