SOLO PROPERTIES ACTION GROUP

Early day motion 2500, tabled 1 December 2011 by Ian Mearns (Labour). Signed by 6 members.

That this House welcomes the formation of the Solo Properties Action Group which has been established in response to the deceitful actions of Solo Properties, in South Shields; understands that the action group has evidence of systematic efforts over many years to defraud at least 18 British and Irish citizens who have invested in property in Bulgaria; notes that assurances of high standards of workmanship and avoidance of corrupt activities have proved to be fictitious; shares the concerns of the members of the group that their apartments will be confiscated or that they will lose large amounts of money; further notes that this will be through no fault of their own but rather due to fraudulent behaviour using off-shore accounts resulting in receipts of approximately 800,000 for Solo Properties; and urges all relevant authorities to take urgent action to protect the interests of those who bought apartments but who may now lose their investments.

Signatures by party: Labour 4, Social Democratic and Labour Party 2.