Fresh fears for the safety of £400m of Harlequin investments have been raised following reports circulated by the company that its sales arm has entered liquidation.
Harlequin Management Services (South East) filed for administration last April, after a series of warnings from the regulator, the Serious Fraud Office and Essex Police about the overseas property investments it was selling meant sales dried up. At the time, chairman of the Harlequin Property group David Ames said the sales arm "can be rescued" and that the company saw "no reason why these circumstances would threaten [investors'] investment in Harlequin". Harlequin has continued to downplay the impact of the liquidation of Harlequin Management Services - which at the time of writing ...
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