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We Want OUR Money Back

We Want OUR Money Back

109 signatures 141 to reach 250
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Started by Tracey Smart 10 years, 2 months ago

In 2006 many British invested in an off-plan development in Cape Verde. The development was called Villa Verde (now Agua Hotels). The developers (Tecnicil) completed eventually but it was within the Investors rights according to the Contractual Agreement to get a refund if the development didn't complete on time. Along with many other worrying issues that came alongside the delays, Investors opted out, but were never refunded. The resort is now finally finished 10 years later and properties are being sold and rented out - YES the properties we paid to build!!! After many negotiations and trying to either recoup the money or the property the developers were impossible to deal with and so too have been the Cape Verdean law system and the Cape Verdean Government. Our Government here and the EU who should support British people have also been very unresponsive. Tecnicil went into liquidation but remain trading and Novobanco took up the financial responsibility of the resort. Novobanco are also refusing respond to the people who have lost their hard-earned savings. Thank you for your time and any help you have offered in this matter. We just want justice as it has been a very stressful time and ruined many people's lives as a consequence of Tecnicil.

Updates

October 1, 2019

The massive surge in support proves we are finally exposing the rot behind the Villa Verde disaster. Tecnicil and Novobanco thought they could keep stealing our money in silence while we faded away but this momentum shows they are wrong.

Reached 100 supporters

October 1, 2019

60 Comments

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Ian Stuart
9 years ago Featured

we've hopefully got our apartment back.Never had a penny from the rental . Now found out the furinture is either missing or broken

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Niamh
10 years ago Featured

These thieves have stolen from my family and I! The government and bank involved are totally ignoring our plight for justice!

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Sharon Robinson
10 years ago Featured

This is criminal and we want our money back. Some investors lives have been ruined due to the actions of Tecnicil, someone needs to get a conscience.

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sam brown
8 years ago Featured

I purchase a offplan property on Sabi Sands Resort on Boa Vista, again the Cape Verde Courts or Banks do not help even when you do win your case for breach of contract

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jason daniel
9 years ago Featured

after delay of c. 450 days i signed a separate agreement with technical for them to repay my deposit back in 10 payments 6 months after the new agreement was signed. This was in 2007. To date they have paid nothing and even had the cheek to send me a registered letter 18 months ago to say the matter is now closed and they do not need to pay me anything.

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John Aherne
10 years ago Featured

10 years on and nothing to show. Tens of thousands down the plug hole on a "government backed development". Contract worth nothing. Corrupt doesn't even begin to describe Cape Verde and Tecnicil.

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Darren Barnett
7 months ago

Owed 50% deposit payment for off plan purchase that has not been refunded as promised by Tecnicil.

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Anonymous
1 year ago

Technical and bank are corrupted

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