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Lawbird, thank you for all you are currently doing with your EBCC investigations.
How do we register our interests with you? I have emailed you.
We purchased on the EBCC site and are now in a difficult financial state, so would appreciate any info you can give to us.
Hope to hear more soon.
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Lawbird, please can you confirm if you have contacted Grant Thornton to discuss??
If so what have been their thoughts on going after Ricardo Miranda?
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settlement
I think the work that has been done is great and as a buyer on gardens of maniva and estepona if i was honest the feeling of complete and utter dispair and feeling of total revoltion at the b**st**ds at ocean view is indescribable but with a calmer hat on if both developments were built and the credit crunch had not happened and lets say they were worth more would i want to complete and the answer is yes but would i be able to afford them and that is no so the opportunity to get a settlement on both would be great and on gardens of manilva that hopefully will be the property i was buying at a reduced rate because the developer will not have the money and now i have followed the postings with reference to ricardo miranda and he has obviously sent the money to punta perla my friend mentioned a worldwide maraver injuntion i am certainly feeling a lot more positive and no i am not stupid enough to think i will get all my cash back but at the moment i have nothing
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i have nothing
at punta perla we have lost everything, and are law firm has told us, so much money has been stolen, from so many, however ricarda is never going to hand it over, it is gone for ever. in the states so many have been scammed by the likes of allan stafford, madof and so many others no money ever given back to the investors. the courts are the only place to go, but do not live in a dream that any money will be recovered. what really needs to be done to ricarda would be called a crime, and i would never ask or be involved in anything of the sort. perhaps someday there will be justice ?
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any news on manilva paying people yet?
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Ocean View Properties International Limited - In Liquidation ("OVPI")
FROM THE JOINT LIQUIDATORS
We have been asked by a number of interested parties to provide further information on OVPI's dealings with Sungolf Desarrollo Inmobilario SA ("Sungolf") relating to the Estepona Beach and Country Club development ("Development").
1. Members of OVPI's management team, namely Colin Thomas, David Stewart, Robert Parkes and Jonathon Kenyon-Smith, claim that:
1.1 approximately €13 million was paid from OVPI to Sungolf in respect of the Development;
1.2 when some purchasers of properties in the Development relocated to another or other projects, Ricardo Miranda, Sungolf's owner, paid approximately €3.4million to the new developer(s);
1.3 significant monies were and remain owed by Sungolf to OVPI;
1.4 whilst OVPI latterly received approximately €5 million from Ricardo Miranda, these were loans from him to OVPI to assist with its cash flow due to the difficulties caused by the delays to the Development;
1.5 In summary, they do not accept that all of the monies paid to Sungolf have been refunded or offset against other developments; and
1.6 Jonathon Kenyon-Smith's solicitors state that they are in possession of further documents to support these contentions. Some documentation has been provided and we are in correspondence with the solicitors to obtain further documents.
2. Sungolf's UK solicitors have claimed that:
2.1 Sungolf agreed to sell the whole of the Development to OVPI as a bulk sale;
2.2 OVPI was not Sungolf's agent, but a principal in the transaction, free to re-sell individual units in its own discretion;
2.3 The sale price was €71,720,000 plus VAT, subsequently adjusted upwards by €5million when OVPI also agreed to purchase a sport club to be constructed by Sungolf on the site;
2.4 The agreement between Sungolf and OVPI was never documented;
2.5 Eventually the project in relation to the Development was cancelled by mutual agreement;
2.6 Although OVPI sent Sungolf a number of contracts which showed Sungolf to be contracting with individual investors, Sungolf refused to sign these as they did not reflect Sungolf's agreement with OVPI;
2.7 Sungolf received just over €12 million from OVPI's Spanish subsidiaries' Spanish bank accounts ("Spanish Accounts") which has been repaid in the following ways;
2.8 Sungolf paid some €2.5 million to the Gardens of Manilva (another OVPI project) developer, Manilva Costa, on behalf of OVPI;
2.9 Sungolf paid just over €4.1 million to Sean Woodhall, again on behalf of OVPI;
2.10 Sungolf paid the balance, being just over €5.3 million, to OVPI;
2.11 Resulting in all monies received by Sungolf having been repaid to (or paid elsewhere on behalf of) OVPI;
2.12 Sungolf believes that only a modest proportion of the funds actually received by OVPI from purchasers in the Development were ever paid through to Sungolf.
3. A summary of our current understanding of the position, is as follows:
3.1 OVPI does not appear to have made any direct payments to Sungolf, rather, all payments destined for Sungolf were routed through the Spanish Accounts;
3.2 To date we have identified payments of over £27 million from OVPI going to the Spanish Accounts, but we have been advised that these funds were for a number of different developers, not just Sungolf;
3.3 We have not seen the bank statements for the Spanish Accounts, and so cannot reconcile receipts to monies sent from the UK, and do not know what monies were paid to whom from these accounts;
3.4 We can see funds (as per paragraphs 1.4 and 2.10 above) of just over €5.3 million being received into OVPI's UK bank accounts, but have received contrary advices as to what these credits related to;
3.5 We have asked Sungolf's UK solicitors to provide evidence that OVPI authorised the payments to the various other parties, but at the time of preparing this statement, no such documents had been provided to the liquidators;
3.6 We have not been provided with any signed contracts either:
3.6.1 between Sungolf and individual investors, or
3.6.2 between Sungolf and OVPI, or
3.6.3 between OVPI and individual investors.
3.7 Should any investor have a copy or know where a copy can be found of any signed contracts, please provide us with a copy, as this will assist the liquidators' investigations;
3.8 We have been provided with a document, purportedly signed by Colin Thomas on behalf of OVPI, dated 7 January 2009, which states that no monies are due from Sungolf to OVPI;
3.9 However, on the subsequent production of the document detailed above to Jonathon Kenyon-Smith, he stated that:
3.9.1 this document misrepresented the position between OVPI and Sungolf and was "false",
3.9.2 Colin Thomas's signature on the document was a forgery, and
3.9.3 the letter "was written to support Ricardo Miranda in a situation… because he was trying to raise finance for Punta Perla.."
4. There are some clear discrepancies between the various parties' positions on the matter.
5. The Liquidators will continue to investigate these, and will report further to investors as and when further information is available.
Issued for and on behalf of Ocean View Properties International Limited
Nick Wood and Ian Richardson
Joint Liquidators
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blah blah blah no money, all a waste fo time someone please take ricarda down
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the scum
why Ricardo? - who took £27m for deposits on the Estepona Beach and Country Club in trust of it being held pending a build licence being granted. What Ricardo did or did not do does not interest me. The blame lies squarely on the owner/director/quasi directors of OVP.
They lived the high life on money that was not theirs. The fact they could of earned good money from this was not relevant. Until the properties were delivered to spec. on time, the money was not earnt and if spent it was stolen. Bentleys, Seven Series BMW.s Millionairre pads and lifestyles - but whose money was it being spent?
They stole the money for their own greed. This needs to come back and haunt them big time. They should be grovelling and selling everything they have to put towards refunding us. The money was to be held in a secure account. It was not. It makes me very angry.
I find it hard to see what we cannot get justice. I am wondering if we need to deal with this matter privately. Let's see if GT will agree to a public meeting with the SFO etc there.
Joey123
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UNBELIEVABLE -
Joey 123 your journey for revenge is admirable but blind because you have acheived no financial gain at all .
Being a client on both gardens of manilva and estepona beach I am shocked at Grant Thornton .They have informed us of nothing we did not already know.They promised us they would keep us informed via their website .They could not even be bothered to invest in doing this.Instead they utilise unregulated websites to inform us of their past 6 months work.Being nitpicky how do we even know that this is an official letter.It is unsigned and not on a letterhead.If it is from GT they could not even be bothered to send a copy of their findings to us the creditors by post.Perhaps the cost of the postage stamps is too much!I do not even know if I am classed as a creditor or not on either of these developments.They have not even bothered to clarrify that in their posting.
I am truly staggered by the unprofessional dealings with what is the most financially important matter in my life.It has changed my family situation for ever.Ian Richardson and Nick Wood I am truly disgusted in the pair of you.If you cannot be bothered to do the job properly you should resign and we the creditors should get representation from a professional body that is not purely motivated by its greed for fees.
Personally I am utilising the services of Marbella Lawyers who have done billiant things with their successful court action against the gardens of manilva developer and I am hoping that they will be able to turn that success into securing the development in a habitable state.With reference to estepona beach putting that posting up that Ocean View blame Ricardo Miranda and Ricardo Miranda blames Ocean View is something that has been public information for 2 years.I believe the posting by Marbella Lawyers linking Ricardo Miranda to the Malaya corruption gives us the best hope for securing return of my monies whether it be in property or cash.It would be more than I have at the moment.
Grant thornton pull your finger out and clarrify whether we are creditors or not .the way you have handled this liquidation so far is truly appalling and you have confirmed to me by your actions you have little or no interest in helping us.You are quite clearly only interested in your fees.How much are your fees to date?
It is clear to me that if we have a united front on both gardens of manilva and estepona beach we will resolve the issue for ourselves.
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GRANT THORNTON ; Thanks for the update but please tell us what you are doing about this crime. It's now very obvious that a massive fraud has been committed, both parties are being dishonest so what reports have you filed with the police??????
If any of my property was stolen I would expect the police to investigate and return what is mine and this situation is no different!
Ricardo Miranda is a large scale fraudster, not one of his developments have come to fruition.
Does that not make alarm bells ring in your head??