SINGAPORE - At least 29 people out of a group of around 170 investors have filed police reports against property investment company PIP Holdings, run by Singaporean developer Jerome Tan Tor Teng, alleging they are owed money in investment projects that amount to millions of dollars.

Among the 29, some transferred at least $10,000 each to PIP Holdings to build a theme park in Geraldton, a coastal city in Western Australia, with the promise they would get the principal sum back with interest accrued once the loans matured.

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