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Reasons behind delay in court case to be revealed

By Burton Mail  |  Posted: June 06, 2014

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COURT chiefs are set to reveal the reasons why a court case concerning an East Staffordshire businessman has been delayed for several months.

Judges in Madrid are set to announce in the next two weeks why the case involving Colin Thomas, of Town Hill, Yoxall, to uncover the truth behind an alleged property scam has been beset with delay after delay

Millionaire Mr Thomas previously told the court his company, Ocean View Properties, had no link with the multi-million pound scam.

The firm is accused of defrauding customers out of hundreds of thousands of pounds in lost deposits.

A claim was made by Marbella-based firm Lawbird in a bid to ‘get some movement’ after the case reached a ‘critical stage’ at the start of this year but then stalled for no apparent reasons.

Top legal professionals from the firm have been trying to find out why it has stalled and revealed ‘the Spanish court is expected to issue a notification in around two weeks regarding the delayed investigation into Mr Thomas’

A Lawbird spokesman said: “We have been requesting several evidences and also the lawyer of the defendants has been asking for more evidences.

“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.

Ocean View Properties 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 developer Ricardo Miranda Miret.

More than 1,000 British investors 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 following an investigation.

Mr Thomas and others accused have all ‘strongly denied’ any wrongdoing during the case.

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