02 Dec 2009 2:58 AM:

 Hi

I would like to encourage anyone reading Keith's post below who is at risk of losing money on Finca Parcs to support the action being planned by the Finca Parks Action Group.

Keith has worked tirelessly for nearly 3 years now to expose the corruption that has taken place in respect of this development. He has accumulated a mountain of facts and documentary evidence that can be used as evidence against both the developer and the bank which funded this development.

The momentum for action to expose and bring to book, unscrupulous Spanish developers and bankers who brazenly disregard the law, is building as more and more evidence of their dubious business practices emerges by the day. 

It is totally unacceptable that  the kind of dishonest and unethical business practices to which many investors in Finca Parcs and countless other Spanish developments have been subjected, are still tolerated within an EU member state.

The struggle for justice in this and other similar cases will not be easy or straightforward. What is required is for concerted and relentless group action, backed by professional legal expertise, to challenge the developers and banks in the Spanish courts. We must NOT give up until we win! 

In addition, we need to be proactive in taking steps to influence public perceptions through the media, about the risks of doing business in Spain, which from my experience, is a country easily on a par with Nigeria in the corruption stakes! In particular we need to identify the major offenders from amongst the ranks of developers and banks and ensure that they are placed on a 'blacklist' and that this list is widely publicised throughout Europe. This 'offenders register' would be an effective tool for warning potential buyers about who not to do business with in Spain.

This will eventually shame the Spanish government and cause them to take decisive action to bring their archaic regulatory processes into line with the rest of civilised Europe and to impose control over the dishonest developers and banks who have done so much in recent years, to damage the reputation of the Spanish property market. 

Please get in touch with Keith or myself, if you feel passionate about this issue and if you wish to actively support action to make a difference.

Forum thread: CORRUPT SPAIN - CLAYTON GES - FINCA PARCS - FINCA EXPERT

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02 Dec 2009 2:57 AM:

Hi

I would like to encourage anyone reading Keith's post below who is at risk of losing money on Finca Parcs to support the action being planned by the Finca Parks Action Group.

Keith has worked tirelessly for nearly 3 years now to expose the corruption that has taken place in respect of this development. He has accumulated a mountain of facts and documentary evidence that can be used as evidence against both the developer and the bank which funded this development.

The momentum for action to expose and bring to book, unscrupulous Spanish developers and bankers who brazenly disregard the law, is building as more and more evidence of their dubious business practices emerges by the day. 

It is totally unacceptable that  the kind of dishonest and unethical business practices to which many investors in Finca Parcs and countless other Spanish developments have been subjected, are still tolerated within an EU member state.

The struggle for justice in this and other similar cases will not be easy or straightforward. What is required is for concerted and relentless group action, backed by professional legal expertise, to challenge the developers and banks in the Spanish courts. We must NOT give up until we win! 

In addition, we need to be proactive in taking steps to influence public perceptions through the media, about the risks of doing business in Spain, which from my experience, is a country easily on a par with Nigeria in the corruption stakes! In particular we need to identify the major offenders from amongst the ranks of developers and banks and ensure that they are placed on a 'blacklist' and that this list is widely publicised throughout Europe. This 'offenders register' would be an effective tool for warning potential buyers about who not to do business with in Spain.

This will eventually shame the Spanish government and cause them to take decisive action to bring their archaic regulatory processes into line with the rest of civilised Europe and to impose control over the dishonest developers and banks who have done so much in recent years, to damage the reputation of the Spanish property market. 

Please get in touch with Keith or myself, if you feel passionate about this issue and if you wish to actively support action to make a difference.

Forum thread: 13, 200, 000 MILLION EUROS STOLEN BY CORRUPT SPAIN

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02 Dec 2009 2:26 AM:

Hi

The bank in question here, happens to be the 4rth largest Savings Bank in Spain - so it is unlikely that they are 'skint' ! 

The momentum for action to expose and bring to book, unscrupulous Spanish developers and bankers who brazenly disregard the law, is building as more and more evidence of their dubious business practices emerges by the day. 

It is totally unacceptable that  the kind of dishonest and unethical business practices to which many investors in Finca Parcs and countless other Spanish developments have been subjected, are still tolerated within an EU member state.

The struggle for justice in this and other similar cases will not be easy or straightforward. What is required is for concerted and relentless group action, backed by professional legal expertise, to challenge the developers and banks in the Spanish courts. We must NOT give up until we win! 

In addition, we need to be proactive in taking steps to influence public perceptions through the media, about the risks of doing business in Spain, which from my experience, is a country easily on a par with Nigeria in the corruption stakes! In particular we need to identify the major offenders from amongst the ranks of developers and banks and ensure that they are placed on a 'blacklist' and that this list is widely publicised throughout Europe. This 'offenders register' would be an effective tool for warning potential buyers about who not to do business with in Spain.

This will eventually shame the Spanish government and cause them to take decisive action to bring their archaic regulatory processes into line with the rest of civilised Europe and to impose control over the dishonest developers and banks who have done so much in recent years, to damage the reputation of the Spanish property market. 

Please get in touch if you feel passionate about this issue and if you wish to actively support action to make a difference.

 

 

This message was last edited by Frik on 02/12/2009.

This message was last edited by Frik on 02/12/2009.

This message was last edited by Frik on 02/12/2009.
Forum thread: Banks Liability Under LEY 57/68

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20 Nov 2009 11:13 PM:

Hi Hislop

Agree with your sentiments re so called ;refunds process'.  Please PM me - there is hope!!

Community thread: Lack of Confidence in the Latest information

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19 Jul 2009 12:45 AM:

Reply to Inspectahomespain

" I am not sure how to explain this to you but the direct response is if you do not have a BG then there isn´t one for your property and there is NO POINT contacting the bank because it is nothing to do with them" ???

I cannot undrestand how such a statement can be made given the following facts:

1. The Finca Parc project was financed by CAM Bank and all investors paid their money into an account held in the CAM Bank. Without the CAM Bank there would have been no project, no investors and no contracts to sign! So the idea that CAM Bank can accept investor monies into accounts held at their bank in accordance with contracts signed by investors with Cleyton Ges and then claim that the contracts have 'nothing to do with them' is ludicrous!

2. Spanish law is absolutely clear - no sale without a BG - Therefore by accepting investor money and failing to issue BGs in accordance with the CAM Bank's own contract with Cleyton Ges, the investor contracts, and the law means that CAM Bank has broken Spanish law. According to Cleyton Ges, CAM Bank bluntly refused to honour their legal and contractual obligation to provide BGs to investors whose money was being paid into accounts held at CAM Bank. CAM Bank is under a legal obligation as the financing bank of the project and the bank in receipt of investor funds, to issue BGs, to investors the moment the contracts were signed and the money received by them!

Furthermore, Cleyton Ges explicitly informed investors that the money would be held in an escrow account. This would mean that the money invested by people in Phase 3-4 should have remained untouched, since no building licenses have been issued for Phases 3-4!  However, my understanding based on a recent discussion with a director of CAM Bank is that the money was NOT in actual fact held in an escrow account. So yet again investors have been deceived by CG and CAM Bank!

Conclusion

Both CG and CAM Bank have acted illegally by accepting investor money and failing to issue BGs. They are therefore liable to prosecution under Spanish law. CAM Bank as the Bank responsible for financing this project is legally required to immediately issue BGs to ALL investors in this project whose money is held in their Bank.

I STRONGLY urge anyone who has invested money in this project but who has not been issued with a BG to contact me asap, irrespective of whether or not you currently have a solicitor representing you. I am compiling a list of all investors who are in this unfortunate position with all the details of each case. The objective is for investors to present a united front in order to strengthen our position as we endeavour to seek justice in this case.

 

 

 

 

This message was last edited by Frik on 19/07/2009.

This message was last edited by Frik on 19/07/2009.

This message was last edited by Frik on 19/07/2009.

This message was last edited by Frik on 19/07/2009.

This message was last edited by Frik on 20/07/2009.
Community thread: DAVID HAMMERSTEIN - MEP

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