THE EDITOR, Sir:
The whole episode concerning Mr Carlos Hill and his company, Cash Plus, has been distorted by those who felt threatened by his 10 per cent per month investment scheme.
Cash Plus was literally showing up the unfairness of a metaphorical character I shall call 'Mr Leeching' and the banking system's dealings with clients.
Investors whose eyes were being opened up to the meagre and unfair interest rates offered by the banks began withdrawing their monies and redepositing it in the Cash Plus scheme. The banking system just couldn't allow this to continue. Cheques drawn on Mr Hill's account became worthless pieces of paper.
As an investor in this scheme, I unequivocally vouch that I had never before encountered any difficulty in obtaining my interest payments until the banking blockade.
What annoyed many investors was the authorities' refusal to allow Mr Hill to pay investors after his arrest. It was his intent to first pay depositors and then allow himself to be tried, but this request was denied, instigated by those who had ulterior motives.
Recently, people on talk shows have been making unfair comments as to why Carlos Hill hadn't paid over money to depositors, but how could he, when he was never given a fair chance?
CASH PLUS INVESTOR