GEORGE Lyon, MEP for Scotland has raised a question in the European Parliament asking if the Commission is taking any action against the Paphos-based developer Alpha Panareti.
to the Commission
Rule 117
George Lyon (ALDE)
Subject: Recourse and redress for citizens defrauded by property investment schemes in other Member States
With reference to the ongoing problems being faced by European citizens who have bought into property investment schemes in other Member States, Cyprus in particular, and have then found that the property developers have acted unlawfully and have been unable to recover their investments,
- Is the Commission aware of the problem?
- To what degree can the Commission assist the affected consumers?
- Is the Commission taking any action already against the Paphos-based developer ‘Alpha Panareti’ or any other major Greek or Cypriot agents or banks?
Further reading: Recourse and redress for citizens defrauded by property investment schemes in other Member States written question to the European Commission E-002885/2011
About George Lyon
George Lyon is a Scottish Liberal Democrat politician, and has been MEP for Scotland since 2009. From 1999 to 2007 he was the Member of the Scottish Parliament for Argyll and Bute, and served as Deputy Minister for Finance, Public Service Reform and Parliamentary Business between 2005 and 2007.