British Developer Shatters Cyprus Retirement Dreams

BBC 'Inside Out West' reported on a British property developer with some serious questions to answer, having fled Cyprus after taking an alleged €2.5 million from his customers since 2004. The BBC investigative team tracked down Adrian Mills, the Managing Director of MDE Nest Homes, to the Gloucestershire village of Dursley where they confronted him. After numerous court hearings in Cyprus, the judicial system failed to bring Mills to justice. The criminal case against him was dropped by the authorities after he failed to appear in court. Properties built in the Paphos village of Nata were never completed and many suffer from major structural problems. Mills sold more properties at Choletria, but work on these never started. An independent surveyor who visited one of the properties at Nata in 2007 declared the site unsafe; Nest Homes had never completed the project.

Read more at: http://www.news.cyprus-property-buyers.com/2010/11/16/british-developer-shatters-cyprus-retirement-dreams/id=006202

For the latest news on what's happening in the Cyprus property market, visit the Cyprus Property News magazine at http://www.news.cyprus-property-buyers.com/

Видео British Developer Shatters Cyprus Retirement Dreams канала NewsCyprusProperty