Directors of Liverpool property firm banned for misleading investors


Six directors of a Liverpool property firm who misled hundreds of investors into spending millions on apartments that were never finished have been banned.

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  • Publisher: North West
  • Citation: Web link

And here’s another article:

Rogue developers banned for ripping-off investors

Four of the directors are based in Malaysia while the remaining two live in The Wirral and Kilburn, North-West London.

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It is estimated that Absolute Living Developments secured at least ’12m from people to invest in residential property schemes that were in various states of development.

Daniel Mark Harrison (38), from Kilburn North-West London, was the last of the directors to be disqualified and he was banned for six years through a court order on 28 November 2018.

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People complained that having invested through Absolute Living Developments, the schemes had not been fully completed and the apartments were unliveable.

Property developers banned over ’12m investment scam

Six directors have been banned for a total of 54 years after they misled more than 300 people to invest ’12 million into residential property developments.

Four of the directors are based in Malaysia, including Kien Cheong Yew who has been disqualified for 12 years, while the remaining two live in The Wirral and Kilburn, North-West London.

The investigation conducted by the Insolvency Service found that the property development company, Absolute Living Developments, sold apartments in England off-plan to investors who were largely based in Asia. It is estimated that the firm secured at least ’12 million from people to invest in residential property schemes that were in various states of development.

  • Publisher: Property Reporter
  • Author: Property Reporter
  • Twitter: @propertyr
  • Citation: Web link

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