Harlequin: SIPP investors win battle over former advisers

Update Harlequin 150pxA group representing investors into the beleaguered Harlequin property group have won a victory over the advisers who “facilitated” the investment into the unregulated investment. Acting on behalf of an investor, the Harlequin Investor Group (HIG), which is run by Regulatory Legal and represents over a thousand Self-Invested Personal Pension (SIPP) investors, has had a complaint against an adviser upheld by the Financial Ombudsman Service (FOS). SIPP transfers Investors into Harlequin property resorts and developments have been fighting an on-going battle to see a return on their investment for over ...

Harlequin Property update: Harlequin win’s Irish court case

Update Harlequin 150pxHarlequin Property has won its multi-million pound court case against a former contractor. The beleaguered property group sued their Irish contractor accusing him of misappropriating millions of dollars during the construction of its luxury Buccament Bay Resort in the Caribbean. During the month long trial the court heard evidence from Harlequin that some $13 million was misappropriated, whilst very little construction work was carried out. Speaking after today’s ruling a Harlequin spokesman said: "We are delighted with the Court’s decision and grateful that ...