Just got a reply from Mohd:

Dear Sir/Madam,

We understand your anxiety in getting your refunds.

2 We have received your case proforma and noted the amount you
have
invested with Ginsystem.

3 We assure you that action is being taken to expedite the return
of
the seized monies. However, the matter has been delayed due to the
arrest
of Tan Poh Choon ("Tan"), the main person behind Ginsystem Inc, in
October
2007. Tan had earlier been convicted by the Court in December 2005 and
absconded from bail. Tan is currently serving a 18 months imprisonment
term, and will soon be on trial for another 59 charges of cheating
offences
.

4 Upon the conclusion of the trial and verifying the claims from
investors, we will seek an order from the Court on the distributions of
the
seized monies.

5 We would like to inform you that the amount that you will be
refunded
is subject to the approval of the Court and it may be less than what
you
have indicated in the case proforma.

6 We will inform you on the outcome of the case and also provide an
update on the refund in due course.

7 In the meantime, please inform us of any changes in your contact
details, bank account number or corresponding address by fax to 65 6223
3171 or via email to SPF_Ginsystem_Investigations@spf.gov.sg.

Regards,