Banco Popular told to repay Almanzora Country Club victims 115 million euros

Banco Popular must repay victims of the Almanzora Country Club scam 115 million euros, according to La Voz. Totana Court Nº 4 has decided that although Banco Popular never issued individual purchase guarantees, since it accepted the deposits as guarantee to issue a promoter loan to the builders, the bank is liable under law for the lost deposits. Over a thousand mainly British expats were ripped off in the ACC urbanisation by buying offplan. Deposits Continue reading Banco Popular told to repay Almanzora Country Club victims 115 million euros