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Cypriot Investment Scheme
Repossession Property Yield Properties

Latest news

  • 17 November 2020 Historic day The development of Larnaca Harbour and Marina has been approved

    Historic day: The development of Larnaca Harbour and Marina has been approved read more

  • 13 July 2020 Μελέτη για τις περιοχές των Βρετανικών Βάσεων

    Ανακοινώθηκε η περιβαλλοντική μελέτη για... read more

  • 9 July 2020 Cabinet extends town planning incentives

    THE CABINET on Wednesday decided to extend existing town planning incentives... read more

  • 23 June 2020 Historic deal allows property development in British Bases

    CYPRIOTS who own land in non-military areas inside the British Bases will be... read more

  • 9 June 2020 Cyprus beaches have the best water quality in the EU

    Cyprus had the highest proportion of bathing sites with excellent water... read more

Cypriot Investment Scheme
Repossession Property Yield Properties

Latest news

  • 17 November 2020 Historic day The development of Larnaca Harbour and Marina has been approved

    Historic day: The development of Larnaca Harbour and Marina has been approved read more

  • 13 July 2020 Μελέτη για τις περιοχές των Βρετανικών Βάσεων

    Ανακοινώθηκε η περιβαλλοντική μελέτη για... read more

  • 9 July 2020 Cabinet extends town planning incentives

    THE CABINET on Wednesday decided to extend existing town planning incentives... read more

  • 23 June 2020 Historic deal allows property development in British Bases

    CYPRIOTS who own land in non-military areas inside the British Bases will be... read more

  • 9 June 2020 Cyprus beaches have the best water quality in the EU

    Cyprus had the highest proportion of bathing sites with excellent water... read more

Lawsuit against HSBC for illegal trading in the occupied area of Northern Cyprus

   
Lawsuit against British bank HSBC to facilitate illegal buying and selling real estate in the occupied area of Northern Cyprus filed in US courts of British buyers group.
According to a report in the Daily Telegraph, the applicants have invested their life savings in real estate for which they believed that receiving valid ownership titles issued by the TRNC.
 
Reproaching the HSBC to "illegal transfer of money for the sale of these properties, while knowing that the property titles of these are illegal and / or void because the 'TRNC' does not hold the power sovereign to issue or acquire property rights".
 
The British plaintiffs say the bank is involved in this way in a "fraud case with buying and selling real estate biblical proportions." They seek damages of $ 50 million. The lawsuit was filed in Washington.

- See more at: http://www.sigmalive.com/news/oikonomia/308674/agogi-kata-hsbc-gia-paranomes-agorapolisies-sta-katexomena#sthash.AuukE4B3.U63msHJX.dpuf