Harlequin agrees deal to put investors' holdings in a trust

Harlequin - which has taken about £400m from investors to invest in properties across the Caribbean - has been rocked by problems since the start of the year, including three warnings by the regulator, investigations by the Serious Fraud Office and the Insolvency Service, and its sales arm going into administration. In a bid to regain their confidence, investors will be invited to become members of a trust, which would hold a charge over the remaining registered land at Harlequin's flagship resort, Buccament Bay, that is not already allotted to investors' properties, including all of the...