Most investors in Indian scheme can claim against solicitor

A HIGH Court judge has ruled most of the 289 people who claim they lost millions of euro after investing in a scheme to buy apartments in India are entitled to recover monies against a Northern Ireland solicitor who had acted for a firm involved in the scheme.

The amount of monies due to the investors will be decided later this month by Mr Justice Kevin Feeney. Anthony M Joyce, solicitor for the investors, said yesterday the vast bulk of them would be entitled to monies under the judge’s ruling.

The investors had alleged representations in two letters written by solicitor Seymour Major in 2007, while solicitor for Kuvera (Ireland) Ltd, effectively induced them to invest in the scheme which later ran into significant difficulties.