As I see matters the key facts are as follows:-
1. After this lenght of time why have Grant Thornton not seen the Company Spanish Bank accounts? As liquidators they should be entitled to a full disclosure of all Company bank accounts which I would have thought also included all international accounts especially as OVP was a spanish property investment Company. Without this crucial evidence its virtually impossible to prove who got what and all legal and criminal proceedings depend on evidence.
The questions that GT need to answer are
a. Why have the Spanish accounts not been forensically examined ?
b.Is there something legally preventing this being done?
c. What action if any are they currently taking to obtain full disclosure and are they involving the Spanish authorities?
My prediction is CT and his ring of advisers have done something to block or make access of the Spanish accounts as difficult as possible and that it will only eventually reveal the accounts have been bled dry with the only beneficaries as always being CT and hiis cronies.
What is now known is no less than £27m has gone through these accounts so GT need to ascertain exactly where its gone as a matter of urgency.
2. It must be clear to everyone concerned that this is an elaborate and sophisticated fraud that has been perpetrated and that CT and his various cronies have been consistently lying through their teeth for at least 3 years to delay matters for as long as possible in oder that the clients deposit funds could be effectively siphoned off or hidden.
They are all in this together and its only now that the proverbial XXXX is about to hit the fan that they are attemping to lay blame at each others door. One thing I do know is that CT by his actions must be in breach of his fiduciary responsibilities as the main Director of OVP. He has a legal duty to make sure that the company is run correctly and that clients funds are not utilised inappropriately.
How does he therefore explain
a.There being no proper bank guarantees in place?
b.There being no adequate insurance cover?
c. Company funds being used (£1million no less) as deposits on commercial and residential properties that are not even owned by OVP and other other unspecified payments being made to enrich other unamed parties to the tune of up to another £1 million?
d.The sale contracts never being signed
e. Payments going to HIS antiques Company Blackbrook?
f. A payment of 4.1euro being allowed to go to Sean Woodhall before his untimely demise? A person he claims had no connection with OVP.
The whole thing stinks to high heaven and GT and the police including the serious fraud squad need to get their respective acts together as CT appears to be playing with them if the last report by GT of 13th Apr 2010 is anything to go by.
This is a very intelligent individual who has been planning this whole affair like a military operation with one aim in mind to fill his own pockets at the expense of the innocent investors who he probably looks on as a bunch of suckers. Just remember he has being cashing in everything he could for some time for example selling his letting operation Residential Lettings,putting Blackbrook into Administration and his most recent move to put Longdon Hall up for sale.
He would have you believe this is owned by his partner but everyone knows she has never had a thing to do with this property or the running of OVP. This is just another way of CTavoiding liability if the creditors coming knocking or there are ever any criminal compensation order .
If this were a boxing match Mr CT is currently well ahead on points and is it is an utter disgrace that he has been allowed to get away with the destruction of so many innocent victims lives.I am not confident given the performance of the police or GT todate he will every be brought to justice or made to pay for his actions.
I can only suggest that pressure be brought to bear on GT and the SFO by people going back to their MP's to raise concerns about the whole way this matter is being investigated. There needs to be a co-ordinated approach between GT and the police/SFO and communication needs to be significantly improved. Its only by all parties working together effectively that there will be any chance of recovery or the wrongdoers being punished.
I wish you all well in your quest and just one final point is it not almost laughable that GT and Sun Golf would try and have everyone believe there were no legal documentation to set out the agreement reached between them which involved the movement arround of several millions of punds. This is an insult to people's intelligence and a sick joke bearing in mind the lenghty litigation OVP/CT had got involved previously with the developer Aifos.