Serious Fraud Office launches probe into North West sites

The Serious Fraud Office has opened an investigation into a suspected fraud concerning three property developments across the North West of England.

Search warrants were executed on Thursday at a number of addresses across the UK in conjunction with Merseyside Police as part of a joint investigation with North-West Regional Organised Crime Unit.

The three developments being investigated are:

• Angelgate, Dantzic Street, Manchester – the development company being Pinnacle (Angelgate) Ltd;
• North Point Pall Mall, 70-90 Pall Mall, Liverpool – the development company being North Point (Pall Mall) Ltd; and
• New Chinatown, Great George Street, Liverpool – the development company being China Town Development Company Ltd.

The Enquirer has reported extensively on the problem projects as they suffered failing contractors, developers and complaints from Far East investors who had paid millions up-front for flats.

The SFO said it “cannot comment any further at this stage.”

Officers are asking members of the public who have invested in any of the three property developments to complete a questionnaire here.

from Construction Enquirer http://www.constructionenquirer.com/2019/01/17/serious-fraud-office-launches-probe-into-north-west-sites/

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