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British expats beat Spanish bank in six-year property feud
A Spanish bank that refused to return off-plan deposits belonging to 47 British expats who invested in a failed Spanish property development has been ordered to repay €1.5million, following a six-year legal battle. Known collectively as the Finca Parcs Action Group, the expats each paid between €10,000-70-000 in deposits for off-plan homes on a 'luxury development' near Murcia, only for the developer to disappear and Spain's fourth biggest savings bank, Caja de Ahorros del Mediterraneo (CAM), to withold their downpayments. Keith Rule who has headed the action group and fought for the return of his €53,000, ... (full story)