viernes, 12 de abril de 2013

PROPERTY DEVELOPER CLEARED BY MALAGA COURT OF TAKING MONEY


The owner of the AIFOS property promotion has been cleared at a hearing in Malaga of misappropriating money from a woman who paid to buy two houses in Casares that were never built. It was held that it was proven that the money handed over could have been used for alternative constructions, although these were never carried out. Lawyers for the woman claimed that she handed over 157,000 Euro in 2004 for the sale. Although a licence was granted,  work on the project was never commenced and in 2008 the woman claimed the contract had been terminated and asked for a refund of the money. However the judgment said that the injured party had already recognised that over 121,000 Euro had been paid in advance as part of the company assets.


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