Latest Breaking News On - வருமானம் முதலீடு - Page 10 : comparemela.com

Thousands of British investors lost cash in the German property scheme Credit: Lorna Milligan Thousands of British savers have been pushed to the brink of financial ruin after placing their money into a toxic German investment scheme that later collapsed. More than £1.5bn has been invested in German Property Group, more commonly known as Dolphin Trust, but the firm, which sold loan notes to fund the purchase and renovation of derelict German buildings, filed for bankruptcy last July. The group lured investors with the promise of annual returns of 15pc and said a £100,000 investment would return £60,000 within five years. However, payments began defaulting in 2018 and British investors now fear their life savings could be lost altogether. The German Property Group Creditors Association, a group of British investors, said £320m of Britons’ cash was invested in the scheme, making it larger than London Capital & Finance, another bond scheme that collapsed owing investors millio

United kingdomCity ofCharles smethurstAndy agathangelouDavid johnstonWolfgang kubickiAlison mcgovernGerman property group creditors associationSerious fraud officeFinancial ombudsman serviceFinancial conduct authorityGerman property groupTransparency taskCreditors associationDolphin trustLondon capital