Property firm Flash Developments faces court probe

The High Court has ordered an investigation into property company Flash Developments, after evidence emerged that the company may have used deposits from buyers to finance the running of the firm.

Ian Kehoe - avatar

Ian Kehoe

26th June, 2010

The High Court has ordered an investigation into property company Flash Developments, after evidence emerged that the company may have used deposits from buyers to finance the running of the firm.

It has also emerged in court documents that the company, which is headed by businessman Ciaran Maguire, may not have title over land in Cape Verde, where it had proposed to build a €100 million property scheme.

Flash has taken deposits from more than...

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