In Reply to: Helping Bali friends to get a house .... posted by sting ray on Wednesday, 11. February 2009 at 14:00 Bali Time:
My wife and I take lge amounts of cash over to buy stock, and also send money over for deposit for orders to staff/ like family members we totally trust, but in saying that I would prefer to take 10K on my person rather than send it. An old mate of mine had a good balinese friend for 12 years who helped co-ordinate the sale of some acerage land at Nusa Lembogan which his family owned, my mate sent over 90K to kick off this transaction and to cut a long story short his mate bolted with the money and 5 years later this guy has been caught, got a year in the slammer and my mate has had to sell his house in Aus to keep the bank happy,I have been going to Bali since 75 and have many great local friends but I have also heard a lot of dramas from friends over the years so be aware of what you are doing if your money is not a gift.
Brent