Grupo Mirador owners face seven years in prison

Grupo Mirador owners face seven years in prison: "The prosecutor is requesting a seven year prison sentence and 12,000 € for the owners of the Mirador real estate group which is accused of accepting and not returning deposits for properties which were never built. A private prosecution, representing 12 people who lost their deposits, is demanding eight years in prison.

An instruction judge in Málaga has ordered that the brothers Enrique and Leopoldo Faura, the unique administrator and the proxy for the Mirador group, to be processed in court on a charge of continued illegal enrichment.

Those affected paid between 29,960 € and 43,000 € in the years 2004 and 2005 for flats in a building which was projected to be built in Vélez-Málaga. A total amount of 400,970 € was paid.
However the company never built the properties or even obtained a construction licence which it first applied for in March 2007."

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