Thanks for providing the updates. Pretty detailed report from the administrator.

Looks like Mr Chohan has been systematically siphoning money from the company to his other interests.

Also property scam appears to be up and running again.

Thanks for the pointing us to the site. Looks like the options are spelt out quite clearly by the administrators.

I’m just wondering whether they have any way of claiming against this new company that has came out?

Unfortunately Property Scam seems to have been neutered of late. All the useful comments have gone. perhaps as a result of legal threats and they have closed discussion.

You can look at the UKLI web site which is now being run by the administrators. Its not good news. UKLI sold 5000 plots but now there is no company to advance planning permission. The site says that since UKLI may have acted illegally, under UK law you can probably claim against the company BUT since the company is insolvent its unlikely you will get money back.

If you are an investor you definitely should look at the web site as the administrators are trying to understand the views of the Land Buyers and are asking you to to let them know what you want to do.

http://www.uklandinvestments.com/

You can try these two sites:

http://www.propertyscam.org.uk/d6plinks/7E5CA9#comments

http://groups.google.com/group/plot-owners

Good luck.