Investors try to reclaim €8m allegedly paid for purchase of Ukrainian property

MORE than 50 investors are seeking the return of €8 million allegedly paid to two businessmen and an investment firm to fund a property scheme in the Ukraine since found to have defective legal title.

One investor said he had learned from documents he was “continually lied to about the whole investment project” and he also alleged the defendants treated the investors’ monies as their own personal monies.

Thomas Meyler said he believed the original €9.7m fund has reduced to €3.4m without any assets being acquired as the property was bought with a title since declared flawed.