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Parliamentary questions
30 March 2011
E-002885/2011
Question for written answer
to the Commission
Rule 117
George Lyon (ALDE)

 Subject: Recourse and redress for citizens defrauded by property investment schemes in other Member States
 Answer(s) 

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 allegedly 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?

 OJ C 309 E, 21/10/2011
Last updated: 2 May 2011Legal notice