Saturday, 30 August 2008

Grupo Mirador construction group charged

01:00 |

A judge has charged the Grupo Mirador construction group after the company held on to deposits paid for properties which have not been constructed. Under Spanish law such monies should have been kept in a separate bank account. El País reports that the judge was responding to a new denuncia placed by a group of six clients of the company, each of whom paid between 32,805 € and 48,600 € as first payments for properties at the Mirador de la Fortaleza in Vélez-Málaga, which according to the contracts signed in 2004 and 2005, should have already have been completed but where in fact no construction has started. They are claiming fraud. The company has other promotions in Benalmádena, Rincón de la Victoria, Villanueva del Rosario, Fuente de Piedra and Loja in Granada.

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