LAWYERS in Spain involved with a court case concerning an East Staffordshire businessman have revealed it is now reaching a ‘critical stage’.
Top judges in Madrid are now poring over a raft of new evidence in a case involving Colin Thomas, of Town Hill, Yoxall, to decide whether it can be accepted as part of an effort to uncover the truth behind an alleged property scam.
Millionaire Mr Thomas previously told the court that his company, Ocean View Properties, had no link with the multi-million pound scam, which accuses the firm of defrauding customers of hundreds of thousands of pounds in lost deposits.
A spokesman for Marbella-based firm Lawbird said: “We have been requesting several evidences and also the lawyer of the defendants have been asking for more evidences.
“All these requests of more evidences are now to be reviewed by the judge who will have to accept or refuse these. We are still in the investigation phase.
“I can’t guarantee anything at this stage in order to avoid frustrations in the future.
“The important thing is that we fulfil correctly all the legal requirements for each step during the investigation phase.”
The criminal claim for fraud and misappropriation of funds was lodged in February 2011.
The company was set up in 2001 by Mr Thomas and other businessmen.
It was behind a string of successful overseas property enterprises but ran into difficulties when it became involved as a UK agent for Spanish developer Ricardo Miranda Miret.
More than 1,000 British investors have lost their money after the firm was formally dissolved in 2009.
Mr Thomas is currently banned from being a company director for nine years following an Insolvency Service investigation. However, he was cleared by the Serious Fraud Office and Staffordshire Police
Mr Thomas and others accused have all ‘strongly denied’ any wrongdoing.