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Judge investigating off-plan development after nothing has been built in five years
By h.b. - Mar 13, 2007 - 4:43 PM
ALSO SEE : • Owner of Las Palmeras Properties granted bail - May 26, 2008 - 4:15 PM
• Over 100 clients have started legal action against the Grupo Mirador real estate company in Málaga - Apr 28, 2008 - 5:11 PM

The Grupo Mirador website
The Grupo Mirador website
enlarge photo

The Grupo Mirador says the delays have been caused by the Rincón de la Victoria Town Hall
A Málaga judge is investigating allegation of fraud against a well known real estate company, Grupo Mirador, who sold an off-plan development in Rincón de la Victoria in 2002.

Five years later the development is still not started and does not even have the necessary licences to build.

It’s thought that about 20 families are caught up in the case, one of whom has placed a formal complaint to the courts.

The instruction judge has granted bail of 40,000 € against the company representative, Leopoldo Faura.

The company claims the delay has been caused only by the demands of Rincón de la Victoria town hall.


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ALSO SEE :
• Owner of Las Palmeras Properties granted bail - May 26, 2008 - 4:15 PM
• Over 100 clients have started legal action against the Grupo Mirador real estate company in Málaga - Apr 28, 2008 - 5:11 PM

Comments

Pops
13 Mar 2007, 22:04
Only an idiot would buy into this sort of scheme. The developers are laughing all the way to the bank. Buy a home in Spain? I think not.
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