Land banking business conned investors out of £10m

Century Property Group was closed down on 18 August 2011 and was last week ordered into liquidation in the High Court on grounds of public interest. While the original investigation found 225 plots of land had been mis-sold to the public on at least ten separate sites, raising more than £2.6m, the Insolvency Service said it has since discovered three more sites, bringing the total to about £10m. The business, which operated from the Tower 42 building in the City of London, persuaded one family to invest £600,000. Company investigations supervisor Chris Mayhew said: "Unscrupulous la...