Nov 2020

Fraud Investigation Advice

Musson Liggins have completed advice to Clients in order to assess a potentially fraudulent loss relating to the sale of a plot land.

The land in question was sold by developers and was subsequently sold for over 5 x more two years later following a successful planning application for residential development.

The initial sale was not subject to planning and/or an overage provision despite the major planning application being in place on the date of the sale.

The initial sale was between connected parties and the original land owner went into administration 2 months later.

We advised the Clients that the site was sold at undervalue due to the lack of overage provision.

The case is likely to end up in Court following our investigative report.