Re: CABANAS GOLF DEVELOPERS DUJA
 

Has anyone got the bank e-mail address which has took over Duja dealing.

Re: CABANAS GOLF DEVELOPERS DUJA
 

Banco Espirito Santo Comercial de Lisboa, S.A.
e-mail: [email protected]

Hope that helps.
I have sent them an e-mail asking for the latest update.
My interest is in Cabanas Beach 2.

Re: CABANAS GOLF DEVELOPERS DUJA
 

It would be nice to know what the paid for them and what their intentions are. I assume that they will have to pay their share of the condominium fees since hey purchased to unsold properties?

Re: CABANAS GOLF DEVELOPERS DUJA
 

The system used was that sealed bids were invited for each of the properties.When the envelopes were opened if BES bank were not the winning bid they increased their bid to 1p more than the winning bid..and got the property.You couldn't make it up could you !

Re: CABANAS GOLF DEVELOPERS DUJA
 

In a country with so much bureaucracy ,were small tasks can take so much time and effort to achieve, I'm impressed that BES managed to out bid everyone in this way.

Has anyone any idea what happens next with the properties? Will the bank run them as a going concern?

Maybe it is a positive as the bank has a substantial financial interest to safeguard and has control over the properties and is likely to be more accountable then DUJA.

Re: CABANAS GOLF DEVELOPERS DUJA
 

Does anyone have any news about Duja Beach 2 development liquidation? What if anything is happening to our deposits?:(

Re: CABANAS GOLF DEVELOPERS DUJA
 

Has anybody any updates as to what is happening with Duja Beach 2 deposits. We saw our lawyer in April, have not heard anything since, we have received a few letters in portuguese, but they were about people who have not completed on Golf and Beach 1. Any input would be greatly appreciated.

Re: CABANAS GOLF DEVELOPERS DUJA
 

Hi everyone, we put 2 deposits down on 2 apartments in Cabanas Beach 1 - like most we were told by Andrew Liar d of Roseberrry Finance or ROPUK that we could 'flip' them before we would need to purchase, this was investment only for us. However we have been using a solicitor based in Spain - AASolicitors - who said we have won our case against Duja for breach of contract, but we have heard nothing else for months. No idea what to do now, do we just write it off?? How can no one be accountable for this mess?

Re: CABANAS GOLF DEVELOPERS DUJA
 

I thought Duja went under
Joao:D

Re: CABANAS GOLF DEVELOPERS DUJA
 

The following link might be interesting to the people caught up in the Cabana scam. It seems this guy is still at it in another country.

http://www.thenorthernecho.co.uk/new...s_facing_ruin/

These people move from scam to scam and escape with millions of peoples money with no penalties at all. :thumbdown: Police say it's a civil matter and they would seem not to be interested.

Lots about him and Roseberry related to this Cypriot scam on Google

We are not involved in the Cabana fiasco, but feel really sorry for those who have been robbed of their money :(

Re: CABANAS GOLF DEVELOPERS DUJA
 

Duja are insolvent.The builders Luz & Alves are also insolvent...so there is no build warranty.
Bes bank own all of Dujas apartments and villa,s.

Unfortunately there is nobody to pursue....nobody to claim off..end game.Sadly a lot of people have lost money ....we are fortunate enough to have an excellent apartment,albeit reduced in value substantially.Still....not in it to sell and Cabanas is a fantastic place....so we are happy with our purchase....but there is no doubt we got lucky....

Re: CABANAS GOLF DEVELOPERS DUJA
 

Hello everyone, we have been informed by our solicitors that we have lost our deposits for Beach 2 development. Apparently the Bank that bought all the properties on Golf and Beach 1 developments have sold all their properties to companies in Lisbon, they have paid the Bank Loans off, and there is not any money left for investors. Has anyone else had the same news, or have you been told differently.:(
Regards

Re: CABANAS GOLF DEVELOPERS DUJA
 

Thats sad news. I guess all the banks were interested in was selling them off cheap to regain their loans

Re: CABANAS GOLF DEVELOPERS DUJA
 

Of course not, they weren't going to make any effort to negotiate a price that would get any money back for the investors, just interested in covering their own money and perhaps doing a deal on the side with the purchasers. The financial service industry in any country seems to be populated with "self interest only" people and sod the customer. :thumbdown:

Re: CABANAS GOLF DEVELOPERS DUJA
 

Must say I am a bit mystified by this. I would have thought before they could
sell-off the properties then the people who had made a deposit and therefore entered into a contract to buy the said property, would have to have had their deposits refunded. How did they get around this?
I am sure that in the small print they would have been able to over-ride the depositors and sell on to another party but I cannot see how that could be done without returning the deposits.