Monday 27 July 2009

Simple Overseas Properties' Clients Threaten Legal Action

Irish overseas property investment company, Simple Overseas Properties (SOP), is facing court action from a number of its investors for allegedly taking deposits on developments in Morocco which were not subsequently passed to the developer.

The developments, called Asilah Marina Golf and Asilah Beach Resort, are two of a number of Mediterranean coastal Moroccan developments that the agency was promoting in Ireland at the height of the boom.

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