The directors of the troubled £400m Caribbean property investment scheme run by Harlequin Property have been issued with a High Court order freezing their personal assets up to £1.1m.
David and Carol Ames, the husband and wife team who are co-directors of the company which is at the centre of a Serious Fraud Office investigation, were issued the order yesterday. The order, seen by IFAonline, was made by Judge Justice Singh and was brought to court by solicitor Chris Coney of law firm Carter Lemon Camerons, on behalf of 13 investors in Harlequin. It was heard by the court without the Ames' knowledge, though they have a right to respond to it, and a further hearing will be heard on 28 May. Until this date the Ames must not remove from England or Wales any of their...
To continue reading this article...
Join Investment Week for free
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes