SFO called in to investigate Harlequin Property - reports

Laura Miller
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The Serious Fraud Office (SFO) has been called in to investigate Harlequin Property, a UK-based overseas property sales agent that is not regulated by the Financial Services Authority (FSA), according to reports.

Up to 3,000 Britons have poured up to £250m of their savings into the scheme run by Essex-based Harlequin Property, which has promised to build 6,000 luxury villas in St Lucia, St Vincent, Barbados and the Dominican Republic, but has so far only constructed 300, according to the Mail on Sunday. Arnhim Eustace, opposition leader in St Vincent, has now said that he understands the SFO has been called in to investigate the matter. Two building companies and seven individuals contacted him to say they were owed money by Harlequin. He told the Mail: "I appealed to Harlequin to pay them,...

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