A BUSINESSMAN is to appear at a criminal court in Spain later this month in relation to his company’s alleged involvement in a multi-million pound overseas scam.
Colin Thomas, of Town Hill, Yoxall, set up Ocean View Properties (OVP) which is accused of defrauding customers of hundreds of thousands of pounds.
Judge Antonio Vallejo Jimenez, who has called Mr Thomas and other OVP bosses for a hearing on October 21 and 22 at the Madrid Criminal Court, is investigating fraud claims made in two complaints against the former holiday company and a Spanish developer.
He has also requested Spanish court documents from a massive urban corruption case, Operation Malaya.
Lawyers for OVP claimants allege there is a link between the £2 billion corruption case and lost monies paid as deposits, which average £85,000, for apartments at the planned luxury Estepona Beach and Country Club, near Marbella.
OVP sold off-plan apartments at the proposed site for Spanish development company Sun Golf. But the land was never owned by Sun Golf and building never began.
The complaint is being investigated in tandem with a long-standing, larger, class action lawsuit filed by Marbella-based Lawbird, which was lodged in February 2011 in a bid to recover deposits paid by investors to OVP.
The Midlands-based company was set up in 2001 by buy-to-let millionaire Thomas and other businessmen.
More than 1,000 British investors, who paid a total of £45 million for ‘off-plan’ overseas property developments, have lost their money after the firm was formally dissolved in 2009.
Former OVP boss Thomas, and others accused have all ‘strongly denied’ any wrongdoing.