http://www.golfblogger.co.uk/2007/05/11/golf-property-for-sale-in-portugal/ The Number One Blog Created by Golfers for Golfers, for all things golf! Fri, 04 Jul 2008 20:05:17 +0000 http://wordpress.org/?v=2.5.1 http://www.golfblogger.co.uk/2007/05/11/golf-property-for-sale-in-portugal/#comment-38350 unhappy invester Fri, 04 Jan 2008 10:59:23 +0000 http://www.golfblogger.co.uk/2007/05/11/golf-property-for-sale-in-portugal/#comment-38350 Yesterday boxing day the owners of Oceanico developements in Portugal where summoned to appear before the local courts , concerning the close knit relationship with another irish held company Kendar Properties , it is believed by the relevant authorities that the Oceanico and kendar owners had set up a cartel of Price fixing and a very complex financial structure where several mortgages where given on the same piece of land , the owner of Kendar Properties has absconded bail and is actively being sought by the Irish authorities , the local courts have been given authorisation to investigate Oceanico developements in Portugal , given that the loans where granted by Irish banks , this is a very worrying situation for all the future buyers of real estate in Portugal given the size and nature of the fraud relating already to Kendar Properties . Yesterday boxing day the owners of Oceanico developements in Portugal where summoned to appear before the local courts , concerning the close knit relationship with another irish held company Kendar Properties , it is believed by the relevant authorities that the Oceanico and kendar owners had set up a cartel of Price fixing and a very complex financial structure where several mortgages where given on the same piece of land , the owner of Kendar Properties has absconded bail and is actively being sought by the Irish authorities , the local courts have been given authorisation to investigate Oceanico developements in Portugal , given that the loans where granted by Irish banks , this is a very worrying situation for all the future buyers of real estate in Portugal given the size and nature of the fraud relating already to Kendar Properties .

]]>