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