MRI Construction reviews and complaints

cpcholding@europe.com are working with several MRI clients on a no win no fee basis .

Go to mri-sg.org and register on the site. There is a mass of information, other victims of MacAnthonyRI and possibly several avenues of legal options and actions, all part of a private forum for protection of victims against the dirty tricks of this company and it's directors and all seeking ways of recovering money and bringing them to justice despite a despicably negative response from the British fraud agencies and european gravy train.

hi people could anyone pleasse tell the name of the company that is trying to sling mri construction into court as i have been duped for 34, 000 i have sdigned up with this company but unfortunatly i have forgot the namr of the company swap home swap something like that.and i have had 2 close my e-mail address down as someone hijacked it.if anyone has this link can they please forward it to paul-radford@live.co.uk so i can get in touch with the lawyers cheers people my number is [protected]

we have purchased a property in Bulgaria for 66000 approx (silver mountain ) and so far paid 72000 Euros but thay cancelled the devolpment and offered us Aspen heights instead. Stupidly we paid another deposit of 5000 euros as we felt we would lose all the money we had already paid
They then had the cheek to ask for another 30000 euros as a final payment, which we had already paid for silver mountain . Have just emailed legal independance for some answers but dont hold out much hope .We feel its a white elephant really & all our savings have now gone on nothing .If anyone has silmiliar problems feel free 2 contact ...stevewylie25@gmail.com

I have had nothing but grief with MRI since april 2007. We invested in Turkey at Lake View in Bodrum, due for completion November 2009. No idea whether they are completed or not, conflicting stories from MRi and the developer. Also there has been a major fall out between the two companies and MRI has withdrawn from TurkeY altogether. Was contacted late July by MRI to arrange a meeting at which they offered to 'deal' with the turkey contract, but out of the goodness of their hearts they could give a 30ooo euro discount on a studio in Bulgaria and an interest free loan financed by MRI. Stupidly agreed and paid reservation fee for the studio. Free furniture promised. five weeks on, no furniture and no daily contact as promised by their representative. Emails ignored or fobbed off. Thankfully no contract signed and the balance has not been paid, nor will it be as I am pursuing this through the courts. I would not recommend involvement with this company.

Hi have very little time to write a complaint at moment, but if someone would like to speak to me my number is [protected].
regards
kelvin
have spoken with MRI today in person.

Linda, the reason they only mention the apartment in the contract is because they then only have to build the shell of the building before scamming the whole cost out of us.
They are now effectively demanding the price of the LUXURY product they EXPECTED to build whilst actually providing a less than bog standard alternative. We all know they are guilty of Fraudulent Misrepresentation, for which we could recind the contract and claim damages, but with a bit of legal sleight of hand they hope to convince any court that it wasn't misrepresentation at all. The law being unnecessarily ambiguous and overblown with jargon in order to keep it's highly paid exponents in a job and as the English saying goes, 'an ###', there is the chance they'd win but maybe the Bulgarian Courts have a bit of humanity and common sense. Who knows.

... further to my posting of 15 minutes ago...meant to say...>

MRI's demand for outstanding payments was made on the back of claims that they had been granted Protocol 15 (aka Act 15) and later Protocol 16 on the properties...I won't pretend to know exactly what these are, other than that they are some sort of Bulgarian official documents that signify that the properties have reached an agreed stage of compeltion... we have communications from MRI saying that 15 and 16 were granted, but haven't actually seen the official documents yet...we are suspicious and have asked the solicitors "Legal Independence" to obtain these for us...we live in hope that the comments posted by others, elsewhere on the web, questioning the independence of "Legal Independence" are without foundation...but our experience to date doesn't give us much confidence.

I would encourage other investors to ask for copies of Article 15 and Article 16 documents relating to their developments...there are conditions in the contracts which would mean that MRI are in breach of contract if 15 and 16 are not granted within fixed timeframes.

Let's all get together and fight this!

For all those people affected. There is a support group looking for justice. If you log on to: www.mri-sg.org you will see there are 100's of people affected like yourselves.

Hi there I also paid for silva mount 30 percent, and also paid so mortgage arrangement and solicitor then after years I was told the bank refused...then after long time they meet me and said now the bank allowed our Aspen heights for mortgage and they transfers my agreement from silva mount to Aspen heights and I paid them to complete the deal about 6000 euros, then they disappear again, now Bulgaria solicitor contacted me to offer mortgage, and I said that is good, now a guy contacted me saying he is liaison between myself and bank, as MRI assets is being taken by the bank and now the bank is contacting the owners, and they now nothing about my 30 percent, they only know the last 6000 euros...please let me know if you have any information about this..Mohammed [protected] thanks

Hello, you can contact bresserslaw office, probably they can help you.

Hi I have paid in full all my fees for an Apartment at Silver Mountain in Razlog but still no sign of ACT 16 or title deeds. Is anyone else in a similar position and I would welcome any feedback!

Thank you in advance!

PS I would be interested in taking a group action against Legal Independance and MRI.

Regards

Jason King
Mob: [protected]

Hi we have also invested in silver mountain and as it stands have paid MRI over 50k euros. We have tried to contact them but all telephone lines are now unavailable?Do not invest with this company! Is there anybody out there who can shed some light ? Paul [protected] many thanks...

Hello

We too are based in NI and were swindled into buying two properties in Bulgaria. We were also told by MRI that we would have no difficulty in getting mortgages for the appartments. In fact, we were laughed at by both the MRI and the CFP representatives when we asked what would happen if we didn't get the mortgage. They said that the banks were falling over themselves to lend the money because the property values were rising so quickly - the reality was that the banks, as far back as 2006, were not giving mortgages to investers. Both MRI and CFP must have known this but didn't tell us.

Looking back at our experience (hind sight and all that), we realise that the whole episode was an elaborate fraud to get as much money from us as they could.

We were told of how our appartment in Aspen Valley would have access to the new golf course, and were led to believe that it was all being developed by MRI for their resort. The truth is that it belongs to another developer for the exclusive use of their resort, although I believe that MRI 'victims' now have access, but must pay for it. We were also told of the new airport that was being built, which still hasn't been started, and now their line is one of that it was 'their understanding' that this would happen. Funny how their position keeps changing!

Like many others, we went to buy one appartment, but were talked into buying two with what turned out to be lies. We were told of how we could get a 70% mortgage, based on the completed build price, which would be much higher than the off-plan price, which we could use to clear off the remaining 70% we owed MRI and then have a surplus to fund furniture packs, etc. When we were finally offered our first mortgage, it fell way short of what we were left owing and had no option but to pull out as we had no additional funds. We have lost around 35k and were also 'invited' to a meeting with them in Belfast in August. I say 'invited' in a very sarcastic way - the e-mail/phone call made it clear that they would be threartening legal action if we did not attend.

I can't write here what we think of MRI - needless to say, if anyone is thinking about investing in property AVOID MRI AT ALL COSTS!

If you contact www.mri-sg.org you will find there are 100's of people in the same position. They are going to take class action against MRI etc and need as many people on board.

Hello,

I live in Bansko, and was in near to the Silver Mountain (lack) of development today.

I am quite happy to give you updates on the construction, and even photos if you require.

Regards

Duncan Monro

Absolutely agree with these complains re MRI.

How do they get away with it?

Myself and 3 other Northern Ireland based "small time property investors", back in early 2007, paid circa 100, 000 euro between us, as 50% deposit on 2 apartments in the Aspen Valley development in Bulgaria.

The plan was that we would finance the other 50% from 70% mortgages raised in Bulgaria, mortgages which MRI assured us would be available "no problem"...we were going to use the remaining 20% to cover furniture, travel costs and other expenses.

The reality was very different, in that the mortgage pre-requisites made it impossible for us to obtain funding...in hindsight, we are very glad that we did not enter into mortgages!

However, at that time, we were naive and gullible enough to trust MRI, and we asked them if they would be prepared to allow us to buy one apartment rather than two i.e. using the 2 x 50% deposits to 100% fund one apartment. We never got a straight answer to that proposal...just reminders that we had to pay the outstanding 50% on both.

At the request of MRI, we met with one of their directors in Belfast last week (12th August); we were hopeful that they were meeting with us to discuss and agree a mutually acceptable resolution...fat chance!...they had us and other investors there (they met us separately) to try to intimidate us into paying up the outstanding balance! I do hope no-one did!

The guy was an absolute chancer, coming up with some guff about them borrowing money to complete the development and the bank now "authorising MRI to chase after investors for the money"... sounds like a load of cobblers to me!...he did admit (or let it slip) along the way that MRI had taken our 50% and other investors deposits (I believe he said £40-odd million in total) and "used it for other things" and then went on to borrow more money to construct Aspen Valley !

He gave us 3 options, one of which was for us to pay them 30% of the outstanding balances and "MRI will agree to tear up the contract, for your peace of mind"! What that meant in our situation was...we had paid 100, 000 euro, and they wanted us to pay another 30, 000 euro i.e. 130, 000 total, and they would "tear up the contract" leaving us 130, 000 euro out of pocket and with absolutley nothing to show for it...not even one 100, 000 euro apartment...nothing!

I have been in contact with "Linda from Belfast" and I would encorage other "MRI victims" to do the same; I am particularly interested in getting in touch with other N.Ireland-based investors...we can probably move quickly to do something local, before going UK&Ireland wide...I think Linda's suggestion re approaching Stephen Nolan is an excellent one, and I applaud her for being proactive and taking up the challenge.

If you have invested with MRI...please contact us...if enough of us get together, we can get the backing of the media, and take them on.

Anthony

I would be keen to speak to investors, particularly those in NI or those who have invested in the Aspen Developments. My telephone number is [protected]. In particular Sun God, I see you are also based in NI, I have spoken to a few investors from NI and was wondering if we could possibly all get together, maybe contact someone like Stephen Nolan and see if he can get the word out and put us in touch with other investors. I am going out to Bulgaria in the next few weeks to see what is happening. I have also spoken to a lady in England who has invested in Aspen Heights, she has paid all her money etc but the complex is not operational yet. While we owe them money we have some strength and can maybe apply pressure to get them to complete the development. Once we pay they can do whatever they like, which will probably be nothing.

I would urge other investors to contact me, I really do think this is the best course of action.