Declared in Marbella six exdirectivos a real estate scam after complaint

Note this is translated to English from Spanish.  The Original can be seen on the SUR Spanish Paper Website

Reported in Sur.es 25.04.12 – 15:18 By MONICA PEREZ | MARBELLA

Fifty foreign makers accuse keep MacAnthony of € 500,000 for furniture not delivered

Darragh Macanthony leaves the courthouse in Marbella this morning. / Josele-Release

The well known ex-director of a real estate company, Darragh Macanthony, has returned today to Marbella to declare before court number 4 following accusations for fraud and misappropriation of funds made by 50 foreign citizens. These mainly British and Irish citizens ratified their accusations a month ago in the same courthouse. They claim that they bought furniture from the company in question for properties in different parts of the world; Turkey, Bulgaria, Cape Verde, Italy, France and Morocco where this company operated.
Other directors of the company have been called to appear alongside Macanthony: Dominic Pickering, Michael Liggan, Sarah O’Callaghan, Nicola Shaw and Fernando Arespacochaga Alcala del Olmo.
Macanthony was the first to declare. He arrived just after ten and left at midday when he declined to give a statement.
The ex-directors are accused of keeping around five or six hundred thousand euros. Most of the transactions were carried out in the headquarters which Macanthony had in Marbella – the very same place the ex-mayor Jesus Gil y Gil used as a Finance Club.
This newspaper understands that those called today have been asked to give further evidence as the evidence given today has been deemed insufficient.
Their accusers claim that those called today have cleaned out the company leaving it with no assets and that they have moved it to a *ghost office” in Madrid where a 90 year old man, about whom nothing is known, has been put in charge.
Darragh Macanthony is currently owner of a football club in the English First Division, Peterborough United.

MacAnthony may face prison in fraud case

Posted at Real Estate Marbella

Jan 27, 2012


Darragh MacAnthony

‘The Posh’ chairman may face prison

On Wednesday this week 51 complainants from across the UK attended Marbella criminal courts to ratify the case against former property mogul Darragh MacAnthony and his former chief executives Michael Liggan and Dominic Pickering.

The judge will now decide whether to proceed with criminal charges in a case that could last up to two years.

Antonio Flores, from legal firm Lawbird which represents the claimants, told me that the defendants could be looking at a prison term of between 4 and 12 years if found guilty of fraud and misappropriation of client funds, as well as having to repay the clients money.

“The claimants want their money back,” Antonio told me. “They paid money for furniture for their new homes and the furniture didn’t arrive leaving them out of pocket.”

Collectively the claimants lost over 600,000€, which may seem like a large amount to most people but maybe not so to millionaire businessman and football club owner, Mr. MacAnthony.

Antonio Flores said “MacAnthony does have the option to settle with the claimants out of court but the time for that is running out.”

Full Story:- Real Estate Marbella

 

Angry customers call for charges against holiday home tycoon

Full Report Independent.ie


By Fergal MacErlean

Thursday January 26 2012

Darragh MacAnthony

Darragh MacAnthony

A SPANISH judge will decide whether football club boss Darragh MacAnthony will face charges after a raft of complaints from disgruntled customers who claim furniture ordered from his firm never arrived.

MacAnthony Realty International (MRI) developed resorts in several countries from its Marbella headquarters and sold furniture packs to clients.

Hugely popular on the holiday market, MRI had hundreds of Irish customers and boasted an annual turnover greater than €100m before the credit crunch.

It made the 35-year-old Dubliner, who now owns Peterborough Football Club, a multi-millionaire.

However, a group of 51 Irish and British buyers claim that €492,000 worth of furniture, ordered more than five years ago for apartments in Morocco, Bulgaria and Cape Verde, was never delivered.

Antonio Flores, the Spanish lawyer acting for the group, claims “many other” MRI customers are affected. He alleges that missing furniture is just one of the irregularities linked to MRI, or related companies.

Read the full Report at Independent.ie

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