Cyprus investment scheme investigated by bbc

In a programme broadcast last evening, BBC Inside Out North East and Cumbria investigated claims made by families that deals set up by Teesside-based businessman Andrew Laird have left them facing ruin.

The deal was to buy an apartment off-plan and then sell as soon as it was finished. “So after three years, you were looking at a £60,000 profit. Sit back, sell it on and make a profit – as simple as that.” explained one of ROPUK’s clients to BBC investigator Chris Jackson.

“He (Andrew Laird) had been our financial advisor for ten years,” said Olwyn Harrison “and it looked like a good investment. Low mortgage for us to afford, good rentable properties and we liked the sound of it”.

Andrew Laird was arranging the sale of all the apartments at the Alpha Panareti development at ‘St. George Hills’, promoted as a “new dawn in investment opportunities”, under the name of Roseberry Overseas Property or ROP UK.

Source: Cyprus-Property-Buyers.com